69 Graham Ave
Stabilized 3-Family Investment | 11 Beds | 100% Occupied | Clean 9% Cap Rate
Marketing description
Acquire a stabilized, income-producing multifamily asset in one of Paterson's strongest rental corridors.
This legal 3-family consists of 11 bedrooms and 3 full bathrooms across approximately 3,207 square feet. The property is 100% occupied with established tenants paying market rents, providing immediate, predictable cash flow from day one.
Recent capital improvements include renovated second and third floor units, updated utilities, and a new roof installed in 2021, minimizing near-term capital expenditures. The full unfinished basement presents future value-add potential for storage, operational improvements, or other permitted uses.
This is an ideal acquisition for investors seeking a turnkey asset with stable in-place income rather than a repositioning project.
No vacancy.
No deferred renovations.
No lease-up risk.
Just immediate cash flow backed by market-rate rents.
Whether you're expanding an existing portfolio or completing a 1031 Exchange, this property offers the fundamentals experienced investors prioritize: stabilized occupancy, strong rental income, limited maintenance requirements, and long-term appreciation potential.
Property is being sold As-Is, Where-Is. All units are occupied.
Investment highlights
Legal 3-Family Multifamily Asset
11 Bedrooms | 3 Full Bathrooms
3,207 SF
Fully Occupied
Clean 9.0% Cap Rate
All Units Leased at Market Rents
Turnkey Investment
Long-Term Established Tenants
New Roof (2021)
Updated Utilities
Full Unfinished Basement with Value-Add Potential
Strong Rental Demand Location
Ideal for Portfolio Expansion or 1031 Exchange
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