$750,000
Est. payment /mo
6 Beds
2.5 Baths
871 Sqft Lot
New
107 Jersey St Paterson City, NJ 07501
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3971220
Style 3-Three Story
Bedrooms 6
Full Baths 2
Half Baths 1
Year Built 1940
Annual Tax Amount $10,704
Tax Year 2024
Lot Size 871 Sqft
Property Description
Cash Cow Investment Opportunity - Prime Corner Lot! Welcome to your next income-generating powerhouse! This mixed-use, corner-lot property offers three separate units and bonus billboard rental making it the perfect opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Offering two spacious residential units. Both are 3 bedroom apartments with separate utilities, providing steady rental income andattracting long-term tenants. The ground-floor unit is currently a cafe primarily serving light meals and beverages, ensuring immediate cash flow. Thishigh-visibility location guarantees strong business potential. Recently modernized, reducing maintenance headaches and maximizing efficiency. Justoff Rt 80 with Rt 19 crossing right over, ensuring easy access. Only minutes from St. Joseph's University Medical Center, a hub for persons seeking quality rentals. Whether you're an investor or a savvy buyer, this high-traffic, high-demand property is your ticket to financial success. Don't miss out schedule your showing today!
Location
State NJ
County Passaic
Rooms
Basement Unfinished
Interior
Interior Features Bar-Dry, Carbon Monoxide Detector, Smoke Detector
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Corner
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by ADDISON REAL ESTATE