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Patric Santo Pietro

[email protected] +1(732) 570-5442

$ 800,000

Est. payment -/mo

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Active

51 Mill St Paterson City, NJ 07501

1,742 Sqft Lot

UPDATED:

09/26/2024 06:48 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3926285

Annual Tax Amount $14,405

Tax Year 2023

Lot Size 1,742 Sqft

Property Description

Amazing opportunity in the heart of downtown Paterson - 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage.

Location

State NJ

County Passaic

Zoning Multi-Family

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling No Cool

Equipment Fixtures

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum

Garage Spaces 2.0

Utilities Available Gas-Natural

Roof Type Flat

Parking Type 2 Car Width

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by BHHS FOX & ROACH

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

Patric Santo Pietro

51 Mill St Paterson City, NJ 07501

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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51 Mill St