Property
Beds
11
Full Baths
3
1/2 Baths
None
Year Built
1900
Sq.Footage
2,790
Acquire a Stabilized, High-Performing Multifamily Asset in the Heart of Paterson. This fully occupied legal 3-family features 11 bedrooms, 3 full baths, and over 3,200 square feet of income-producing real estate. All three units are leased at market rents to established tenants, providing immediate, reliable cash flow from day one. Recent capital improvements, including renovated second and third floor units, updated utilities, and a new roof (2021), significantly reduce near-term capital expenditures, making this a true turnkey investment. A full unfinished basement offers future value-add potential, while the property's location in one of Paterson's strongest rental markets supports long-term appreciation and consistent occupancy. Whether you're expanding your portfolio or completing a 1031 Exchange, this is more than a multifamily property it's a performing asset designed to generate stable income and long-term returns. Property is being sold strictly As-Is, Where-Is with tenants in place. Seller will make no repairs or provide credits. All inspections are for the buyer's informational purposes only.
Features & Amenities
Interior
-
Total Bedrooms
11
-
Bathrooms
3
-
Basement YN
YES
-
Heating YN
YES
-
Heating
Baseboard, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
On Street
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.06
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
3-Three Story
Price
-
Sales Price
$699,900
-
Tax Amount
$12,195
-
Sq. Footage
2,790
-
Price/SqFt
$250
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
NUMBER 10
-
Middle School
NUMBER 21
-
High School
ROSA PARKS
Property Features
-
Stories
3
-
Sewer
Public Sewer
-
Tax Lot
*
-
Water Source
Public
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Location
County
Passaic
Elementary School
NUMBER 10
Middle School
NUMBER 21
High School
ROSA PARKS
Listing Courtesy of None , REALTY ONE GROUP LEGEND
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FOUNDER
Patrick Bolger
Call Patrick today to schedule a private showing.
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