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$699,900
Est. payment /mo
11 Beds
3 Baths
3,207 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,207 sqft
Price per Sqft $218
MLS Listing ID 4042118
Style 3-Three Story
Bedrooms 11
Full Baths 3
Year Built 1900
Annual Tax Amount $12,195
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
Acquire a Stabilized, High-Performing Multifamily Asset in the Heart of Paterson. This fully occupied legal 3-family features 11 bedrooms, 3 full baths, and over 3,200 square feet of income-producing real estate. All three units are leased at market rents to established tenants, providing immediate, reliable cash flow from day one. Recent capital improvements, including renovated second and third floor units, updated utilities, and a new roof (2021), significantly reduce near-term capital expenditures, making this a true turnkey investment. A full unfinished basement offers future value-add potential, while the property's location in one of Paterson's strongest rental markets supports long-term appreciation and consistent occupancy. Whether you're expanding your portfolio or completing a 1031 Exchange, this is more than a multifamily property it's a performing asset designed to generate stable income and long-term returns. Property is being sold strictly As-Is, Where-Is with tenants in place. Seller will make no repairs or provide credits. All inspections are for the buyer's informational purposes only.
Location
State NJ
County Passaic
Rooms
Basement Bilco-Style Door, Full, Unfinished
Interior
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available All Underground, Electric, Gas-Natural
Roof Type Flat
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Schools
Elementary Schools Number 10
Middle Schools Number 21
High Schools Rosa Parks
Others
Senior Community No
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Listed by REALTY ONE GROUP LEGEND
NEARBY SCHOOL & BUSINESS
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