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$ 725,000
Est. payment | /mo
1,742 Sqft Lot
$ 725,000
Est. payment | /mo
1,742 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3964696
Annual Tax Amount $13,598
Tax Year 2024
Lot Size 1,742 Sqft
Property Sub-Type Mixed Use
Property Description
Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing market
Location
State NJ
County Passaic
Zoning Commercial
Rooms
Basement Bilco-Style Door, Unfinished
Interior
Heating Gas-Natural
Cooling No Cool
Flooring Tile, Vinyl-Linoleum, Wood
Equipment Kitchen Area
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas In Street
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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