Paterson City, NJ 07501,84 Madison St
Paterson City, NJ 07501,84 Madison St
Paterson City, NJ 07501,84 Madison St
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$749,000
Est. payment /mo
15 Beds
3 Baths
3,600 SqFt
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UPDATED:

09/16/2024 07:05 PM

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $208

MLS Listing ID 3907107

Style 3-Three Story

Bedrooms 15

Full Baths 3

Year Built 1930

Annual Tax Amount $16,567

Tax Year 2023

Lot Size 3,920 Sqft

Property Description

Huge three-family house, featuring 5 bedrooms on each floor, a living room, and a formal dining room. It is located by Downtown Paterson right off Route 19th, within walking distance to shopping centers. It has a driveway for approximately 5-6 cars, close to all major highways. In need of minor TLC. The basement has 2 storage rooms that can be also, rented for another $500 a month. This property is been sold "as is".Great investment. It is a money-making tool, producing over $7,0000 per month when fully rented(currently only the 2nd fl. is about to be vacant), and all apartments have separate utilities. Currently Passaic County Affordable Housing(Sec. 8) is paying up to $3200 for 5-bedroom apartments in the area, therefore your new rent roll will be $9600. The owner will cooperate with 3.5% seller concession if the offer is a full asking price.

Location

State NJ

County Passaic

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available All Underground, Gas-Natural

Roof Type Composition Shingle, Flat

Parking Type Blacktop, Fencing, Parking Lot-Exclusive

Building

Lot Description Flag Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No


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Garden State MLS(GSMLS)
Listed by ESTATES PRIME REALTY

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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