$699,000
Don't miss this well-maintained legal 3-family property in the heart of Paterson perfect for both investors and owner-occupants seeking strong rental income with upside potential.Each unit offers approximately 580 sq ft of living space and features a functional layout including 2 bedrooms, 1 full bathroom, a living room, and an… Read More eat-in kitchen. All units come equipped with gas stoves and refrigerators, making this a true turnkey opportunity.The first-floor unit includes access to a full basement, which adds valuable bonus space featuring a full bathroom, recreation area, workshop, washer/dryer, utility sink, and ample storage or additional functionality. All tenants are month-to-month, offering flexibility for rent increases or occupancy changes.Key Features: Separate utilities 3 gas meters, 3 electric panels, 3 furnaces Baseboard heating throughout Aluminum siding exterior Washer/Dryer located in basement No central AC (window units owned by tenants) Taxes: $11,918/year. Whether you're looking to live in one unit while collecting rental income or expand your investment portfolio, this property offers solid cash flow potential and long-term value. Schedule your private showing today! Read Less
Courtesy of WEICHERT REALTORS.
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Beds
6
Lot Size
0.06 Acres
Year Built
1940
MLS Number
4020232
30 Days Snapshot Of 07502
$627k
+17%
(avg) sold price
3
+50%
homes sold
99
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished-Partially, Full, Yes
Building
Built in 1940
Cooling
Window A/C(s)
Expenses
Expenses: Insurance, Maintenance, Taxes
Exterior Features
Aluminum Siding
Water Features
Gas, Public Water
Heating
Gas-Natural, 3 Units, Baseboard - Hotwater
Interior Features
Wood Floors
Lot
Approximate Lot Size: 25X100, 0.06 acres
Parking
Off-Street Parking
Property
3 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $11,918, Tax Rate: 5.335
Unit One
1 bathroom, 2 bathrooms, 580 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit Two
1 bathroom, 2 bathrooms, 580 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit Three
1 bathroom, 2 bathrooms, 580 sqft, Handicap Accessibility: No, Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities
Electric, Gas-Natural
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Chris Cafaro
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Listing Information © Garden State MLS. All Rights Reserved.
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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