93 Front St new Save Request In-Person Tour Request Virtual Tour
Paterson City,NJ 07522
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $288
MLS Listing ID 3928591
Style 3-Three Story, Triplex
Bedrooms 8
Full Baths 3
Year Built 1950
Annual Tax Amount $12,375
Tax Year 2023
Lot Size 3,049 Sqft
Property Description
Huge Price Drop! Cash Flow Alert! All units vacant! This fully renovated 3-family home, just steps from the iconic Great Falls, is a true income-generating powerhouse. With brand-new everything roof, high efficiency HVAC, luxury vinyl plank floors, kitchens/appliances, bathrooms, and paint this property is a turn-key investment ready to roll.The first-floor unit offers 1 bed, 1 bath, and an estimated rent of $1,500/month. The second-floor unit features 3 beds, 1 bath, and is anticipated to rent for $2,400/month. The third/fourth-floor duplex boasts 4 beds, 1 bath, commanding $2,700/month.Total Pro Forma Rent: $6,600/month!Live in one unit and let the others pay your mortgage, or rent all three and watch your cash flow soar! This is your chance to own a prime, renovated property that's built for profit. Don't wait this gem won't last long!Check out Rent Roll Proforma Photo. This is a great investor play for cash flow or for owner occupied to pay next to nothing on their mortgage
Location
State NJ
County Passaic
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Exterior
Exterior Feature Stucco, Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle, Flat
Building
Sewer Public Sewer
Water Public Water