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$ 1,598,000
Est. payment | /mo
9,100 SqFt
$ 1,598,000
Est. payment | /mo
9,100 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,100 sqft
Price per Sqft $175
MLS Listing ID 4008801
Annual Tax Amount $33,438
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type Mixed Use
Property Description
Spacious mixed-use investment opportunity located in the heart of vibrant downtown Paterson. This over 9,000 sq ft building features seven total units, including three 3-bedroom apartments, three 2-bedroom apartments, and a large street level storefront with excellent visibility and foot traffic.The property offers strong income potential, with projected rents of up to $20,000 per month. Ideal for investors seeking a high-yield asset in a growing commercial corridor, close to public transportation, shops, restaurants, and major highways.The storefront is currently vacant, presenting a prime opportunity for an owner-user to operate their own business while collecting rental income from the residential units, or for an investor to secure a substantial income producing property in a prime location.
Location
State NJ
County Passaic
Zoning B-4
Rooms
Basement Full
Interior
Heating Gas-Natural
Cooling No Cool
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas In Street
Roof Type Flat
Building
Story 4
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by ESSENTIAL REAL ESTATE
Nearby Locations
28 Valley Road Suite 1, Montclair, Jersey, 07042, United States