NJ > Paterson City
Paterson City, NJ 07501,37-39 Mill St
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Patric Santo Pietro

Patric Santo Pietro

+1(732) 570-5442
$ 1,200,000
Est. payment /mo
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Under Contract

37-39 Mill St Paterson City, NJ 07501

4,356 Sqft Lot

UPDATED:

10/04/2024 11:43 PM

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3920603

Year Built 1940

Annual Tax Amount $17,086

Tax Year 2023

Lot Size 4,356 Sqft

Property Description

Welcome to an exceptional investment opportunity in the heart of Paterson's thriving business district! This mixed-use property comprises two buildings at 37-39 and 41 Mill St, complemented by an additional lot at 7 Elm St. Currently, the property boasts a lucrative Day Care facility at 37-41 Mill St, generating a monthly rental income of $6000. The residential units include a spacious 3-bedroom, 1.5-bath apartment at $1360, two 2-bedroom units at 41 Mill St priced at $1110 and $1500, and a 2-bedroom unit on the third floor at $1050. All units feature separate utilities, with tenants responsible for water, heat, and electricity. The owner covers sewer payments, excluding the Day Care facility, which manages its own expenses. The sale includes the lot at 7 Elm St, utilized by the Day Care. Apartments are on a month-to-month basis, except for the Day Care, this property offers a stable income stream. According to the seller, the Day Care contributes to a portion of tax increases. Seize this golden opportunity for a sound investment with promising returns!

Location

State NJ

County Passaic

Zoning Commercial

Rooms

Basement Unfinished

Interior

Cooling Central Air, Wall A/C Unit(s)

Equipment Fire Alarm, Smoke Detector

Exterior

Exterior Feature Brick/Block, Vinyl Siding

Utilities Available Electric, Gas-Natural

Roof Type Flat

Parking Type On-Street Parking

Building

Story 1

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by REALTY ONE GROUP LEGEND

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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37-39 Mill St

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