116 Belmont Ave, Paterson City, NJ 07522
- $769,999
- 9
- BD
- 3.1
- BA
- List Price
- $769,999
- Price Change
- ▼ $15,001 1787079753
- MLS#
- 3969680
- Dom
- 428
- Year Built
- 1950
- Status
- ACTIVE
- County
- Passaic
- City
- Paterson City
- Bedrooms
- 9
- Bathrooms
- 3.1
- Baths Full
- 3
- Baths Half
- 1
- Acres
- 0.10
Property Description
This was a mixed-use property with a laundromat business operating on the first floor, but the previous owner removed all of the equipment. Gas, electric, water, security system, and drainage connections have been installed, with capacity for up to 20 washers and 20 dryers. A new central A/C and heating system has also been installed on the first floor, the building also features two recently renovated apartments on the second and third floors (see details in the unit information section). The driveway, siding, and roof are all brand new, you have to see this property in person to truly appreciate the many recent improvements. Due to the first-floor vacancy, the previous buyers were unable to secure financing. As a result, the seller is only accepting cash offers with proof of funds. Conventional financing may be considered with at least a 50% down payment and a pre-approved loan letter. Buyers should check with their lender before moving forward. "BETTER SAFE THAN SORRY" This property represents an outstanding investment opportunity with significant income potential. GOOD NEWS...!!! THE PROPERTY HAS ALREADY BEEN APPRAISED AT $800,000, SO THERE IS NO RISK OF GOING FOR THE FULL ASKING PRICE...!!!
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Additional Information
- Taxes
- $14,291
- Cooling
- Central Air, Window A/C(s)
- Exterior
- Brick, Vinyl Siding
- Garage Description
- None
- Heating
- 3 Units, Radiators - Hot Water
- Interior
- Carbon Monoxide Detector, Fire Extinguisher, Security System, See Remarks, Smoke Detector
- Roof
- Asphalt Shingle
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Level Lot
- Exterior Features
- Metal Fence, Wood Fence
- Garage Description
- None
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Listing Courtesy Of PROMISE LAND REALTY, Contact: 973-253-7330
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