NJ > Paterson City
Paterson City, NJ 07501,84 Madison St
Paterson City, NJ 07501,84 Madison St
Paterson City, NJ 07501,84 Madison St
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Steven Pagan

Steven Pagan

+1(609) 631-5668
$749,000
Est. payment /mo
16 Beds
3 Baths
3,600 SqFt
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UPDATED:

11/13/2024 01:03 PM

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $208

MLS Listing ID 3907107

Style 3-Three Story

Bedrooms 16

Full Baths 3

Year Built 1930

Annual Tax Amount $16,567

Tax Year 2023

Lot Size 3,920 Sqft

Property Description

Huge three-family house, featuring 5 bedrooms on 1st and 2nd floors and 6 bedrooms on the 3rd floor, a living room, and a formal dining room. It is located by Downtown Paterson right off Route 19th, within walking distance to shopping centers. It has a driveway for approximately 5-6 cars, close to all major highways. In need of minor TLC. The basement has 2 storage rooms that can be also, rented for another $500 a month. This property is been sold "as is".Great investment. It is a money-making tool, producing over $7,0000 per month when fully rented(currently only the 2nd fl. is about to be vacant), and all apartments have separate utilities. Currently Passaic County Affordable Housing(Sec. 8) is paying up to $3200 for 5-bedroom apartments in the area, therefore your new rent roll will be $9600. The owner will cooperate with 3.5% seller concession if the offer is a full asking price.

Location

State NJ

County Passaic

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available All Underground, Gas-Natural

Roof Type Composition Shingle, Flat

Building

Lot Description Flag Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

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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 ESTATES PRIME REALTY
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Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and  homebuyers in finding their perfect piece of paradise in New Jersey. 

+1(609) 631-5668

steven.pagan@foxroach.com

352 Stokes Rd, Medford, NJ, 08055, USA

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