Paterson City, NJ 07501,51 Mill St
Paterson City, NJ 07501,51 Mill St
Paterson City, NJ 07501,51 Mill St
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$800,000
Est. payment /mo
1,742 Sqft Lot
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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

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


Read Less Info
Garden State MLS(GSMLS)
Listed by BHHS FOX & ROACH
agent-avatar

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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51 Mill St