Kellie Mitchell - Coldwell Banker Hearthside
203 Harrison St
Paterson City, NJ 07501

Description

Investment property opportunity feat, 2nd Fl Bi-level unit rare 6-BD/1.5 BTH layout. Sep. tenant utilities; electric/cooking gas/heat/hw. 9.58% Going-In Cap Rate & +19% Cash-on-Cash are pro forma. Interior renovations; flooring, kitchens & baths plus capital improvements; new asphalt single roof and upgraded baseboard heating system, all completed in Year 2018. Investment property opportunity ideal for 1) Performance Buy/Hold investors seeking immediate cashflow for long-term hold and 2) Owner occupants. Property is available for sale individually or as part of stabilized/income producing 4-building Paterson-based multifamily portfolio; Refer to MLS# 3463933, 3463939, and 3463944.

Details

MLS#3463950
Sub-TypeResale
StatusActive
Year1950
Days On Site153

Features

Units2
Building(s)1

Additional Information

Annual Tax Amount5578
Assesed Tax Valuation134100
Tax ID4.160
Tax Rate2017
Tax Rate Year2017

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Area Information

StateNJ
CountyPassaic
CityPaterson City
Zip Code07501
AreaPassaic
Listing VS Median (in 07501)
Price:
$253,000
low | high
Med:
$187,450
75.909090909091% of Average
On Site:
153
low | high
Med:
46.5
100% of Average
Listing Updated: 09/22/2018
MLS Number: 3463950
Listing Provided By:
WASHINGTON PAUL E.  of  COLDWELL BANKER REALTORS