Hi all, I’m looking for RE investors and professionals who have some knowledge of the Hillcrest area of Paterson.
It just so happens that the Hillcrest Neighborhood in Patterson is delimitated exactly as Census Tract 1801 in Passaic County, New Jersey, meaning it is rather easy to data for exactly this area.
Hope this help!
Thanks for the data! This will be useful.
@Anthony Henriquez I am a police officer in Paterson, what specifically would you like to know?
Just trying to get a handle on property values and rental rates. It’s seems like a very nice area and good value. I know it uses the Paterson schools system as opposed to the Totowa district.
@Anthony Henriquez Hillcrest is one of the better sections of Paterson, if you're flipping single family homes sell for the high $200s- mid $300s. When searching for a flip or rental there consider room size and layout as functional obsolescence is common, also be careful of properties on the far South and East Side of the city as they may require flood insurance which can increase your hold time on a flip as these properties can take a bit longer to sell.
@Vaughn Smith thanks for this insight! This gives me a lot more confidence In looking into this area. To confirm what you’re saying, one of the homes I was looking into had a closet-sized kitchen..very strange. The area above Union Blvd is where I’m trying to focus on.