$699,900
Acquire a Stabilized, High-Performing Multifamily Asset in the Heart of Paterson. This fully occupied legal 3-family features 11 bedrooms, 3 full baths, and over 3,200 square feet of income-producing real estate. All three units are leased at market rents to established tenants, providing immediate, reliable cash flow from day one.… Read More Recent capital improvements, including renovated second and third floor units, updated utilities, and a new roof (2021), significantly reduce near-term capital expenditures, making this a true turnkey investment. A full unfinished basement offers future value-add potential, while the property's location in one of Paterson's strongest rental markets supports long-term appreciation and consistent occupancy. Whether you're expanding your portfolio or completing a 1031 Exchange, this is more than a multifamily property it's a performing asset designed to generate stable income and long-term returns. Property is being sold strictly As-Is, Where-Is with tenants in place. Seller will make no repairs or provide credits. All inspections are for the buyer's informational purposes only. Read Less
Courtesy of REALTY ONE GROUP LEGEND.
Listing Snapshot
Days Online
57
Last Updated
Property Type
Other
Beds
11
Square Ft.
3,207
Lot Size
0.06 Acres
Year Built
1900
MLS Number
4042118
Additional Details
Basement
Bilco-Style Door, Full, Unfinished, Yes
Building
Built in 1900, Renovated in 2021
Cooling
None
Expenses
Expenses: Cold Water, Electric, Insurance, Taxes
Exterior Features
Vinyl Siding
Water Features
Gas, Public Water
Heating
Gas-Natural, 3 Units, Baseboard - Hotwater
Lot
Approximate Lot Size: 25X100, 0.06 acres
Parking
On-Street Parking
Property
3,207 sqft building, 3 units, FHA Age Restricted: No
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $12,195, Tax Rate: 5.335
Unit One
1 bathroom, 4 bathrooms, 915 sqft, Handicap Accessibility: No, Kitchen Exhaust Fan, Range/Oven - Gas
Unit Two
1 bathroom, 4 bathrooms, 925 sqft, Handicap Accessibility: No, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator
Unit Three
1 bathroom, 3 bathrooms, 950 sqft, Handicap Accessibility: No, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities
All Underground, Electric, Gas-Natural
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Chris Cafaro
Realtor®
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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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