$ 749,000
84 Madison St Paterson City, NJ 07501
Save 
Share Schedule a Tour
REQUEST A TOUR
In-PersonVirtual Tour
REQUEST A TOUR
In-PersonVirtual Tour
$ 749,000
Est. payment | /mo
16 Beds
3 Baths
3,600 SqFt
$ 749,000
Est. payment | /mo
16 Beds
3 Baths
3,600 SqFt
Key Details
Property Type Multi-Family
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 16
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 1st and 2nd floors and 6 bedrooms on the 3rd 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. 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
Building
Lot Description Flag Lot
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by ESTATES PRIME REALTY
GET MORE INFORMATION