(11) Unit Multi-Family Investment Package - Paterson, NJ Listing Details & Market Data

Paterson is the largest city in and the county seat of Passaic County, in the U.S. state of New Jersey. The Census Bureau's Population Estimates Program calculated that the city's population was 156,661 in 2022, ranking the city as the 165th-most-populous in the country. A prominent mill town within the New York area, Paterson has been known as the Silk City for its once-dominant role in silk production during the latter half of the 19th century. It has since evolved into a major destination for Hispanic immigrants as well as for immigrants from Turkey, the Arab world, and South Asia. Paterson has the nation's second-largest per capita Muslim population.We are excited to introduce you to an exceptional investment opportunity: our income-producing portfolio of six multi-family properties located in the thriving city of Paterson, New Jersey. **Property Highlights:** 1. **Prime Location:** These properties are strategically situated in some of Paterson's most desirable neighborhoods, offering easy access to schools, parks, shopping centers, and public transportation. 2. **Steady Cash Flow:** Each property has a strong rental history, providing a consistent and reliable income stream for investors. 3. **Diverse Unit Mix:** The portfolio includes a variety of unit configurations, from spacious 2-bedroom apartments to larger Single family-friendly unit, ensuring a broad tenant pool. 4. **Well-Maintained:** These properties have been meticulously maintained, with recent updates and renovations to attract and retain high-quality tenants. 5. **Proven Investment:** Paterson is experiencing robust economic growth, making it a favorable market for real estate investments. **Why Paterson, NJ?** Paterson is a dynamic city with a diverse population, a strong local economy, and a strategic location close to major metropolitan areas. It offers a unique blend of urban amenities and suburban tranquility, making it an attractive destination for renters.