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Investors' dream! This building of 5 apartments is fully occupied. Located in the heart of Paterson, close to everything. Rents are under market value due to long-term tenants with no leases and willing to negotiate with a new owner. The seller needs to stay a couple of months after the closing, paying a reasonable rent, until buying or renting a new place. U&O agreement has to be accepted. DCA (Green card) actualized, no inspection due yet. To be sold strictly AS IS condition, with no known issues, the seller will not do any repairs, and if an inspection is requested, it will be ONLY for informational purposes. The huge double garage on Butler St side belongs to the property. Don't wait to check it out; it won't last on the Market.
| DAYS ON MARKET | 4 | LAST UPDATED | 4/19/2025 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Paterson |
| COUNTY | Passaic | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Paterson |
|---|---|
| BASEMENT | Finished, Full, Yes |
| CONSTRUCTION | Vinyl Siding, Wood Siding |
| HEAT | Electric, Natural Gas |
| LOT | 5227 sq ft |
| LOT DESCRIPTION | Corner Lot |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 14775 |
| UTILITIES | Cable Available, Natural Gas Available |
| WATER | Public |
| ZONING | residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with PROMISE LAND REALTY
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