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.
Listing By
Agency Name: United Real Estate
Agency Phone: 888-501-6953
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Estimated Payment
$ 5,856.60 per month $3,004.51 Principal & Interest $2,458.33 Property Tax $393.75 Homeowner's InsuranceSend an email with a link to
384-390 River Street, Paterson, NJ 07524.
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384-390 River Street | MLS# 26004333
This multi-family property located at 384-390 River Street, Paterson, NJ 07524 is currently listed for sale with an asking price of $1,350,000. Search Paterson real estate on www.joycerealty.com today.