51 Mill ST Active Save Request In-Person Tour Request Virtual Tour
Paterson,NJ 07501
Key Details
Property Type Commercial
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24031244
Style 5+Family
Annual Tax Amount $14,405
Property Description
Amazing opportunity in the heart of downtown Paterson - 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage.
Location
State NJ
County Passaic
Area Paterson
Exterior
Utilities Available Gas,Munincipal Water
Roof Type Flat