81-85 Berkshire Ave Paterson, NJ 07502
Other
MLS #: 250022328
Courtesy Of Real Broker, LLC
Property InformationDescription
Portfolio offering: 81 85 Berkshire Ave, Paterson three adjacent mixed-use buildings sold together. The property combines one ground-floor commercial storefronts with seven apartments above (one-, two- and three-bedroom layouts), delivering diversified income in a neighborhood setting near shopping, bus lines, and major roadways. Buildings are currently occupied with staggered lease expirations, supporting near-term stability. Operations are efficient with primarily tenant-paid utilities; ownership provides cold water. Off-street parking is available via assigned spaces and on-site driveways. Attractive value-add upside exists over time through mark-to-market as leases roll, retail optimization, and potential conversion from 1 commercial unit to a residential. A compelling North Jersey infill asset for long-term hold or 1031 exchange.
Features
- Architecture Style: Other
- Building Units: 9
- MLSID: 250022328
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