New Investment Opportunity: Fully Occupied Legal 3-Family in Paterson, NJ

If you're looking for an investment property that delivers immediate cash flow without the uncertainty of renovations or vacancies, 69 Graham Ave in Paterson, NJ deserves your attention.

This legal three-family property is already performing from day one, offering stable rental income, market-rate tenants, and additional upside for investors looking to grow their portfolio.

A Turnkey Multifamily Investment

This property features:

• Legal 3-Family

• 11 Bedrooms

• 3 Full Bathrooms

• 3,207 Square Feet

• Full Unfinished Basement with Separate Entrance

• Separate Utilities

• Fully Occupied with Established Tenants Paying Market Rent

Unlike many investment properties that require renovations or lease-up periods, this asset is already stabilized, allowing you to begin collecting income immediately after closing.

Strong Cash Flow from Day One

The property currently generates:

• 1st Floor (4 Bedrooms): $2,100/month

• 2nd Floor (4 Bedrooms): $2,400/month

• 3rd Floor (3 Bedrooms): $2,250/month

Total Monthly Rental Income: $6,750

Based on the current income and expenses, the property delivers an impressive 9% CAP Rate, making it one of the stronger income-producing opportunities currently available in the area.

Built for Long-Term Investors

Beyond the existing cash flow, this property offers something every investor looks for: future upside.

The full unfinished basement has a separate entrance and presents additional value-add potential. Whether you're considering storage income or exploring future possibilities (subject to municipal approvals), the basement creates another layer of opportunity that can help push returns even higher over time.

Recent Improvements

The property has already benefited from several important updates, including:

• Renovated second-floor apartment

• Renovated third-floor apartment

• New roof (2021)

• Updated utilities

• Well-maintained mechanical systems

These improvements reduce immediate capital expenditures and allow investors to focus on generating returns rather than tackling major repairs.

Why Paterson?

Paterson continues to be one of North Jersey's strongest rental markets, driven by consistent tenant demand, convenient transportation options, and proximity to major highways and employment centers.

With rental inventory remaining limited and demand continuing to grow, stabilized multifamily properties remain highly attractive to investors seeking dependable cash flow and long-term appreciation.

Ideal for Portfolio Expansion or a 1031 Exchange

Whether you're purchasing your first multifamily investment or completing a 1031 Exchange, this property checks many of the boxes experienced investors prioritize:

• Immediate cash flow

• Market rents already in place

• No vacancy

• No renovation delays

• Strong CAP Rate

• Future value-add opportunity

• Established tenant base

This isn't simply another multifamily property.

It's a stabilized, income-producing asset designed to generate returns from day one while offering room for future growth.

Schedule Your Tour

Properties offering this combination of strong cash flow, market rents, and upside rarely stay available for long.

69 Graham Ave is now offered at $699,900.

For additional information, financials, or to schedule a private showing, contact:

Sol Castanos
Listing Broker | Realty ONE Group Legend
📞 646-546-4725
📧 scastanos@roglegend.com
🌐 www.njtophome.com/cashflow

Serious investors and Realtors representing investors are invited to schedule a private tour or attend one of our upcoming open houses.