74 Arch ST Paterson, NJ 07522

The property is a legal 2 family with the first floor consisting of a 3 bed 1 bath unit, approximately 961 square feet, currently rented for $1,500. The second floor is a 4 bed 1 bath duplex unit, approximately 1,423 square feet, currently rented paying $1,650. The property utilities have been separate so the tenants are paying their own heat, hot water, gas and electric. With the current cash flow and expenses an investor can expect an approximately 6.28% return on their money with upside potential in added value to both apartments.