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51 Mill Street , Paterson, NJ 07501

$800,000

Detail

  • Property ID: 24031244
  • Price: $800,000
  • Year Built: 1950's
  • Property Type: 5+ Family/Mixed Use
  • Property Status: Mixed Use

Description

Amazing opportunity in the heart of downtown Paterson – 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage.

  • Address: 51 Mill Street
  • City: Paterson
  • State/county: PASSAIC / NJ
  • Zip/Postal Code: 07501
  • Country: United States

Listing provided by Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Prominent Properties Sotheby's International Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: 2024-11-23 4:00 PM. Source: New Jersey Multiple Listing Service, Inc.

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