Listing Courtesy of: 973-390-7319 - JOHNNY RODRIGUEZ - REALTY ONE GROUP LEGEND
973-772-0660
$1,200,000
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37-39 MILL ST Unit 37-39 Paterson, NJ 07501
General Commercial
Residence
Beds
5
Baths
Sq. Ft.
0.1
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
Welcome to an exceptional investment opportunity in the heart of Paterson's thriving business district! This mixed-use property comprises two buildings at 37-39 and 41 Mill St, complemented by an additional lot at 7 Elm St. Currently, the property boasts a lucrative Day Care facility at 37-41 Mill S...t, generating a monthly rental income of $6000. The residential units include a spacious 3-bedroom, 1.5-bath apartment at $1360, two 2-bedroom units at 41 Mill St priced at $1110 and $1500, and a 2-bedroom unit on the third floor at $1050. All units feature separate utilities, with tenants responsible for water, heat, and electricity. The owner covers sewer payments, excluding the Day Care facility, which manages its own expenses. The sale includes the lot at 7 Elm St, utilized by the Day Care. Apartments are on a month-to-month basis, except for the Day Care, this property offers a stable income stream. According to the seller, the Day Care contributes to a portion of tax increases. Seize this golden opportunity for a sound investment with promising returns!
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MLS#
3920603
Property Type
General Commercial
Bathrooms
Lot Size
0.1
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