This property has a great rent roll to make any purchaser happy with its return on investment. The one-family home has a rent of$2, 430.00,The rear apt is rented for$2, 300,The restaurant rent is$2, 100,and the rear apt behind the restaurant is$2, 200.00.The listing is being sold as a 4-unit property with the address of100, 102, 1043rd Ave Paterson. The total taxes for the property is$19, 500.00for all the units . the cap rate is close to 11 %.
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The average household income in
Paterson, NJ
grew
from
$34,042
to
$36,106
in the past year. This data is an estimate based upon
43,786
households in
Paterson, NJ. The chart below presents how household income is distributed in
Paterson, NJ
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Paterson, NJ
compared to median property taxes around the country. The prevalent amount of property taxes in
Paterson, NJ
equals
$3k+
, which is
more
than the national average.