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(323) 793-1896
Real Estate Company
40 Manchester Ave, Paterson City, NJ 07502
- $820,000
- 10
- BD
- 4
- BA
- List Price
- $820,000
- Price Change
- ▲ $10,000 1792617908
- MLS#
- 4041532
- Dom
- 96
- Year Built
- 1940
- Status
- ACTIVE
- County
- Passaic
- City
- Paterson City
- Bedrooms
- 10
- Bathrooms
- 4
- Baths Full
- 4
- Acres
- 0.11
Property Description
Excellent investment opportunity with great income potential! This property features one additional unit that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there. The property offers 12 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income, or to be used as a large storage area. The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer for 5 more years. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential! Adjusting the price to correct a miscalculation of the last reduction. Still an affordable price for a property that produces $9,000 income a month. Breakdown available upon request. TAKE ADVANTAGE AND MAKE IT YOURS NOW...!!!
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Additional Information
- Taxes
- $18,149
- Cooling
- None, WindowAC
- Exterior
- Vinyl Siding
- Garage Description
- None
- Heating
- 3 Units, Baseboard - Hotwater
- Interior
- Carbon Monoxide Detector, Fire Extinguisher, Marble Floors, Parquet Floors, Smoke Detector
- Roof
- Asphalt Shingle
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Level Lot
- Exterior Features
- MetalFnc, FencVnyl
- Garage Description
- None
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Listing Courtesy Of PROMISE LAND REALTY, Contact: 973-253-7330
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