Listing Courtesy of: 201-292-3777 - ITZEL MACHADO - ESTATES PRIME REALTY
201-292-3777
$749,000
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84 MADISON ST Unit 3 Paterson, NJ 07501
Multi-Family
Residence
15
Beds
3
Baths
Sq. Ft.
0.09
Acre
Lot
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Huge three-family house, featuring 5 bedrooms on each floor, a living room, and a formal dining room. It is located by Downtown Paterson right off Route 19th, within walking distance to shopping centers. It has a driveway for approximately 5-6 cars, close to all major highways. In need of minor TLC.... The basement has 2 storage rooms that can be also, rented for another $500 a month. This property is been sold "as is".Great investment. It is a money-making tool, producing over $7,0000 per month when fully rented(currently only the 2nd fl. is about to be vacant), and all apartments have separate utilities. Currently Passaic County Affordable Housing(Sec. 8) is paying up to $3200 for 5-bedroom apartments in the area, therefore your new rent roll will be $9600. The owner will cooperate with 3.5% seller concession if the offer is a full asking price.
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MLS#
3907107
Property Type
Multi-Family
Bedrooms
15
Bathrooms
3 Full
Year Built
1930
Lot Size
0.09
Stories
3.0
Sewer
Public Sewer
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