86-88 Washington Street
Paterson, NJ 07505

Welcome to an outstanding investment opportunity! This mixed-use property boasts two storefronts on the first floor, offering prime commercial space for retail, office, or service-oriented businesses. Upstairs, you'll find two well-appointed apartments, providing comfortable residential living. Each unit enjoys the convenience of separate utilities, providing tenants with flexibility and control over their expenses. This setup ensures a hassle-free ownership experience for the investor. Generating a total annual rent of $64,850 and with expenses totaling $19,472, this property boasts a Net Operating Income (NOI) of $45,377. With a solid 6% cap rate. Located near Broadway and Main Street, this property offers high visibility and easy access to shopping, transportation, and amenities. Whether you're an experienced investor or newcomer, don't miss this prime real estate opportunity. Schedule a showing today!