The property consists of five (5) 2BR / 1 BATH apartments and a parking lot for residents. Highland Street sits in a strong strategic location as owners can offer residents quality units with parking in a close vicinity to Paterson industrial neighborhood, Bunker Hill.The property was built in 2021 and has a 5-year tax abatement in place through the end of 2026. Current owners pay taxes on the assessed value of the land only. At the conclusion of the 5-year tax abatement, the property will be reassessed at its full value for tax purposes.