60-62 Plum Street
Paterson, NJ 07503 · Listing #26025863
$6,495,000
About this home
Beds
—
Baths
—
Living area
—
Type
5+ Mixed Use
7.2% CAP RATE | A true turnkey opportunity! A newly constructed 20-unit residential building, located 2 blocks away from St. Joseph's Children's Hospital! 3 blocks away from access to Route-80! Only 20 minutes away from Manhattan (via GW Bridge). 60-62 Plum St, was built from the ground up, and completed in January 2025, and comes with the added benefits of a very low maintenance, allowing the owner/landlord, to self manage the property, if chosen too. Also the BIG BONUS....a (30) YEAR TAX ABATEMENT, with (29) YEARS REMAINING!!! And with NO RENT CONTROL RESTRICTIONS, this property is perfectly positioned, to keep the expenses low with increasing the rent roll yearly. The perfect pairing for any investor's formula. Contact today, to set up an in-person tour, and/or get a google link to extensive photos & video walkthrough tours of each unit (prior to occupancy).
Status
Active
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the New Jersey Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Realty One Group Sunrise are marked with the NJMLS IDX logo, and detailed information about them includes the name of the listing brokerage. Some properties listed with participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information is deemed reliable but not guaranteed. Copyright © 2026 New Jersey Multiple Listing Service, Inc. All rights reserved. This information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data last updated July 17, 2026 at 5:50 PM ET.