15 Leslie St Under Contract Save Request In-Person Tour Request Virtual Tour
Paterson City,NJ 07503
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 3923073
Style 3-Three Story
Bedrooms 8
Full Baths 5
Year Built 1920
Annual Tax Amount $7,947
Tax Year 2023
Lot Size 2,613 Sqft
Property Description
LA related to seller. 3 Family. Gut rehab in 2016 including including new electric. 2 car detached garage plus driveway for off street parking.1 block from the largest employer in Passaic County, St. Joseph's hospital. All separate utilities including separate Owner electric meter. Owner pays water and sewer for building. Apt #1: LR, EIK, 3BR, 2bth. Currently vacant. Market rent in area $2600. Apt #2: LR, EIK, 3BR, 2bth. Market rent in area is $2600. Apt #3: LR, EIK, 2BR, 1bth. Have not raised $1200 rent since original move in. Market rent $1900, Buyer can give notice to vacate if Owner wishes to occupy. Operating expenses include maintenance, common area electric, cold water, sewer, insurance, garbage collection, taxes. With market rents, including garage parking, gross potential rents would be $87,600. Potential net income, with market rents $73,114 and a cap rate of 9.76%. Photos are of the two vacant units.
Location
State NJ
County Passaic
Interior
Heating Gas-Natural
Cooling None
Exterior
Exterior Feature Aluminum Siding
Garage Detached Garage
Garage Spaces 2.0
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Corner, Level Lot
Sewer Public Sewer
Water Public Water