Property
Beds
7
Full Baths
3
1/2 Baths
None
Year Built
1939
Sq.Footage
3,200
Excellent 3-family investment opportunity in Paterson! Whether you're a seasoned investor looking to expand your portfolio or a first-time home buyer ready to become a landlord, this property offers a compelling combination of space and income potential. Featuring a total of 7 bedrooms and 3 full bathrooms across three separate units, the property currently generates over $5,800 in monthly rental income over $70,000 annually in gross rents. With separate utilities, the property is designed for more efficient management and reduced owner-paid expenses. Investors can take advantage of strong existing rental income, while owner-occupants may have the opportunity to live in one unit and use rental income from the others to help offset their monthly mortgage payment. This is a great opportunity to own a true income-producing multi-family property and start building long-term wealth through real estate. Don't miss your chance to add this 3-family property to your portfolio or make your first move into real estate investing!
Features & Amenities
Interior
-
Total Bedrooms
7
-
Bathrooms
3
-
Basement YN
YES
-
Heating YN
YES
-
Heating
Baseboard, Natural Gas, Hot Water, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Shingle Siding
-
Parking
On Street
-
Patio and Porch Features
Porch
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
3-Three Story
Price
-
Sales Price
$679,000
-
Sq. Footage
3,200
-
Price/SqFt
$212
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
NUMBER 28
-
Middle School
NUMBER 4
-
High School
JFK
Property Features
-
Stories
3
-
Sewer
Public Sewer
-
Tax Lot
*
-
Water Source
Public
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Location
County
Passaic
Elementary School
NUMBER 28
Middle School
NUMBER 4
High School
JFK
Listing Courtesy of None , REAL
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