NJ > Paterson
Paterson, NJ 07501,51 Mill ST
Paterson, NJ 07501,51 Mill ST
Paterson, NJ 07501,51 Mill ST
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Listed by Roman Drukarov • Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston • (973) 454-3218
$800,000
Est. payment /mo
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51 Mill ST Paterson, NJ 07501

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Isaac De Castro

Isaac De Castro

+1(646) 626-7901

UPDATED:

09/26/2024 07:57 PM

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

New Jersey MLS (NJMLS)

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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