




Property Attributes
- ML#3698103
- TypeCommercial
- CountyPASSAIC
- CityPaterson City
- AreaPaterson City
- NeighborhoodDowntown
- Zip07505
- StyleOffcRetl
- Year Built1920
- Taxes16587
- Price$ 474,999
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms4
- Sqr Footage6000
- Lot Size2,614 SqFt
Listing Provided Courtesy Of:
LEOPIZZI REAL ESTATE AGENCY
Data Source:
Garden State MLS
Property Description
Attention all investors or owner occupants great opportunity you do not want to pass up. Two unit commercial building located in downtown Paterson aggressively priced for a quick sale! The downstairs unit is currently leased as a bar paying 3300 per month. The upstairs unit is currently vacant but was previously a beauty salon and prior to that a dentist office. Going rent for upstairs unit is approx 2500-3000 per month. This building has a potential cap rate of over 10% which is very rare in the current market, perfect for an investor looking for a high ROI! Or purchaser can lease downstairs collect income and keep upstairs for themselves! Dont miss out on this opportunity!
Price History | |
---|---|
3/16/2021 | Listed $474,999 |
General Features
Building # | 21 |
---|---|
Construction | Brick/Block, Formed Concrete |
Cooling | 2 Units |
Drive | On-Street Parking |
Flooring | Carpeting, Concrete, See Remarks |
Heating | 2 Units |
Prior Use | Commercial |
Property Type | OffcRetl |
Property Type | Free Standing Office, Office/Retail |
Roof | Flat |
Sewer | Public Sewer |
Tax Annual Amount | 16587 |
Total Units | 2 |
Town # | 2508 |
Township | Paterson City |
Utilities | Electric, Gas-Natural |
Zoning | B4 |
Interior Features
Basement | Full |
---|---|
Fuel Type | Gas-Natural |
Exterior Features
Building Area Total | 6000 |
---|---|
Exterior Description | Brick/Block |
Lot Dimensions | 27.62 X 103 |
Lot Features | Level Lot |
Water Source | Public Water |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool