REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Roberto Sanchez United Real Estate
$ 1,350,000
Est. payment | /mo
$ 1,350,000
Est. payment | /mo
Key Details
Property Type Multi-Family, Commercial
Sub Type Res/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26004333
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
Property Description
Great Investment Opportunity with Dedicated Parking lot, approx, PRICE ADJ. by $100,000. Approx. $140K annual income, featuring a maintenance-free property with 8 units mix-use property consisting of 4 newer 2 bedrooms 2nd floor residential units in great condition, built approx. 1995 with modern/open layouts, LR, Kitchens, 2 spacious bedrooms and bath, all separate utilities and gas baseboard heat (RENTS are under Mkt Value and currently M2M at $1200 EACH), the ground floor consists of 4 shops (Unit#1 currently for rent at $2,000 a month consisting of approx 2000SQF formerly used as an upholstery shop with overhead 12' door), Unit#2: a Karate/Gym with office and 2nd floor room with restrooms rented at $1650, Unit#3: Tire-Shop currently $1,280, and Unit#4 Auto Repair $1680. Property is very well maintained and in good condition consisting of 2 lots (384-386 River St - Parking for tenants, and 386-390 River St ).This building is very well-maintained, in a convenient location of Paterson, close to shopping, NYC transp.and major highways.
Location
State NJ
County Passaic
Ready to make a move?
Get pre-approved for this home in minutes.
Already toured or saved this listing? Take the next step. Start a secure application below and find out exactly what you qualify for — no credit hit, no obligation. Sellers take pre-approved buyers seriously.
Start your pre-approval