This exceptional project presents a unique opportunity to develop a highly sought-after 9-unit residential building in a thriving location. All necessary city approvals are in place, streamlining the development process and minimizing potential delays. Buyer will only have to apply for permits and break ground immediately. The building thoughtfully incorporates a lobby, mail and package area, stairwell, refuse and recycling room, and a studio unit on the ground floor. The 2nd and 3rd floors feature a one 1 bedroom unit and three 2 bedroom units on each floor, catering to a diverse range of potential residents. 6 off-street parking spaces and a bike rack enhance resident convenience and appeal. This property has an area of 5,520 Sq Ft. This project may qualify for 20 or 30 year tax abatement subject to city approvals.

Two units house within walking distance from Pennington Park in Paterson, NJ. This property presents an excellent opportunity for both investors was well as owner-occupants. Each unit offers comfortable living space with 3 bedrooms, Living room, Eat In kitchen anseparate utilities. Finished attic and basement. Strategically located with easy access to public transportation, park, schools and main roads and highways.