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Income-Producing Property with High Potential. This exceptional all-brick property is a prime investment opportunity, ideally located on a bustling commercial street in a rapidly developing area. The building features 2 spacious three-bedroom apartments and 2 versatile commercial units, offering a balanced mix of residential and commercial income streams. The apartments are in excellent condition, making them highly desirable for tenants, while the commercial units present endless possibilities for businesses looking to capitalize on the area's growth. With new construction projects underway all around, this property is perfectly positioned to benefit from the neighborhood's upward trajectory, offering significant potential for rental income upside. Additionally, the property boasts LOW TAXES, enhancing its profitability and making it an even more attractive investment. Whether you're an experienced investor or looking to diversify your portfolio, this property offers a rare combination of stability, growth potential, and strong cash flow. Don't miss out on this opportunity to own a piece of a thriving community! Current rents: Apartments, $2,000 each, Grocery store $2,000 and Other store $900
| DAYS ON MARKET | 1 | LAST UPDATED | 2/7/2025 |
|---|---|---|---|
| YEAR BUILT | 1940 | COMMUNITY | Paterson |
| COUNTY | Passaic | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Paterson |
|---|---|
| BASEMENT | Full, Yes |
| CONSTRUCTION | Brick |
| HEAT | Forced Air, Natural Gas |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 12732 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | Mixed Use |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with UNITED REAL ESTATE
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