Paterson NJ Multi Family for Sale

ADDITIONAL INFORMATION

Here it is....an opportunity to live rent free by collecting rents from this 4 family property. Updates includes front siding, exterior doors, roof (replaced two years ago), 2 hot water heaters and 2 boilers (heat). Big attic for a possible addition to second floor apartments to make extra bedrooms. Area is under revitalization with new buildings and/or brand new houses within the vicinity.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

This property has a great rent roll to make any purchaser happy with its return on investment. The one-family home has a rent of $2,430.00, The rear apt is rented for $2,300, The restaurant rent is $2,100, and the rear apt behind the restaurant is $2,200.00. The listing is being sold as a 4-unit property with the address of 100,102,104 3rd Ave Paterson. The total taxes for the property is $19,620.00 for all the units. The 4 garages have a total rent of $2,175.00 per month. THE CAP RATE IS CLOSE TO 11%.

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Great Opportunity! See before gone!! For Investors, buy this property with EMPTY lot and build new 2-Family. 53X125 existing lot, subdivision is in progress. Seller's will deliver/responsible to complete the subdivision process and get approval 2-Family with 3 parking space in the rear*

ADDITIONAL INFORMATION

Don't miss out on this Amazing opportunity to expand your portfolio with this marvelous property!! This 2 Family house offers 5 spacious bedrooms and 2 bathrooms. House is priced to sell. Located in the heart of Paterson, within walking distance of Laundromats, grocery stores, and tons of restaurants. Unit 1 has an Eat-in-Kitchen, Living room, 2 bedroom, 1 bathroom & a bonus room. Unit 2 duplex is combined with the 3rd Floor - it has large Eat-in-Kitchen, Living room, 3 bedrooms, 1 bathroom & a bonus room. Each unit has it's own private access to the backyard. Conveniently located close to major highways (GSP, Rt 4, 80, 46 and 3). This hidden gem won't last on the market. Unit 2 duplex on the 2nd & 3rd floor is vacant.

ADDITIONAL INFORMATION

Fantastic investment income producing property. 4 family home with two 2bedroom apartments and two 1 bedroom apartments fully leased. Separate utilities. New roof 3 yrs ago. All units in very good condition. Annual rent $59,112. NOI $47,351

ADDITIONAL INFORMATION

LOCATION, LOCATION, LOCATION....AMAZING INVESTMENT OR OWNER OCCUPANT OPPORTUNITY. TWO LEGAL HOUSES IN ONE LOT WITH HUGE PARCKING SPACE,OFFERING FOUR APARTMENTS. ONE PROPERTY IT'S, TWO UNITS WITH THREE BEDROOMS, ONE BATHROOM, DINING ROOM, AND FINISHED ATTIC. SECOND PROPERTY IT'S, TWO UNIT WITH TWO BEDROOMS, ONE BATHROOM, EIK. CLOSE TO ALL MAJOR HIGHWAYS,DOWNTOWN,RESTAURANTS,MALLS,SCHOOLS,PARKS,HOUSES OF WORSHIP AND CONVENIENCE STORES, COUPLE BLOCK AWAY FROM ST. JOSEPH'S HOSPITAL. YOUR SEARCH ENDS HERE. (PROPERTY BEING SOLD "ASIS ")

ADDITIONAL INFORMATION