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3-Three Story

40 Manchester Ave

Paterson City, NJ 07502

MLS#: 4041532

$860,000

Status: Active
Listing number: 4041532
Listing provided by: PROMISE LAND REALTY
Listing agent phone: None
Last update: 4 days ago
On site: 5 days ago
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Property

Beds

10

Full Baths

4

1/2 Baths

None

Year Built

1940

Sq.Footage

2,700

Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!

Features & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    4

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Heating YN

    YES

  • Heating

    Baseboard, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Pool

    No

Area & Lot

  • Lot Features

    Level

  • Lot Size(acres)

    0.11

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    3-Three Story

Price

  • Sales Price

    $860,000

  • Tax Amount

    $18,149

  • Sq. Footage

    2,700

  • Price/SqFt

    $318

HOA

  • Association

    No

Property Resources

  • Horse Property

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

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Location

County

Passaic

Elementary School

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Listing Courtesy of None , PROMISE LAND REALTY

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(973) 945-9979

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Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!

40 Manchester Ave

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