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107 Jersey St

Paterson City, NJ 07501
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 140 Days
  • MLS #: 3971220
Under Contract
UPDATED: 61 min ago
$750,000
  • 6
    BEDS
  • 0.02
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Description

Cash Cow Investment Opportunity - Prime Corner Lot! Welcome to your next income-generating powerhouse! This mixed-use, corner-lot property offers three separate units and bonus billboard rental making it the perfect opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Offering two spacious residential units. Both are 3 bedroom apartments with separate utilities, providing steady rental income andattracting long-term tenants. The ground-floor unit is currently a cafe primarily serving light meals and beverages, ensuring immediate cash flow. Thishigh-visibility location guarantees strong business potential. Recently modernized, reducing maintenance headaches and maximizing efficiency. Justoff Rt 80 with Rt 19 crossing right over, ensuring easy access. Only minutes from St. Joseph's University Medical Center, a hub for persons seeking quality rentals. Whether you're an investor or a savvy buyer, this high-traffic, high-demand property is your ticket to financial success. Don't miss out schedule your showing today!

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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-12T14:49:11.067.
www.srrealestategroup.com/homes/165211023
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107 Jersey St Paterson City, NJ 07501

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 140 Days
  • Updated: 61 min ago
  • MLS #: 3971220
6
Beds
2
Baths
1
½ Baths
0.02
Acres
1940
Built
County:
Passaic
Area:
Paterson City
Property Description
Cash Cow Investment Opportunity - Prime Corner Lot! Welcome to your next income-generating powerhouse! This mixed-use, corner-lot property offers three separate units and bonus billboard rental making it the perfect opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Offering two spacious residential units. Both are 3 bedroom apartments with separate utilities, providing steady rental income andattracting long-term tenants. The ground-floor unit is currently a cafe primarily serving light meals and beverages, ensuring immediate cash flow. Thishigh-visibility location guarantees strong business potential. Recently modernized, reducing maintenance headaches and maximizing efficiency. Justoff Rt 80 with Rt 19 crossing right over, ensuring easy access. Only minutes from St. Joseph's University Medical Center, a hub for persons seeking quality rentals. Whether you're an investor or a savvy buyer, this high-traffic, high-demand property is your ticket to financial success. Don't miss out schedule your showing today!
Exterior Features

Approximate Lot Size 25X37 Exterior Description Aluminum Siding Exterior Features Partially FencedSidewalk Lot Description Corner Number Of Parking Spaces 0 Parking Driveway Description Off-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Heating 3 Units Interior Features Bar-DryCarbon Monoxide DetectorSmoke Detector Total Number Of Rooms 12 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSee RemarksSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description KitchenSee Remarks Unit1 Rooms 4 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenLiving/Dining Room Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsEat-In KitchenLiving/Dining Room Unit3 Rooms 5 Unit3 Sq Ft 0

Property Features

Assessment Total 210100 Building Assessment 152700 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 57400 Net Operating Income 0 Sewer Public Sewer Tax Amount 10704 Tax Rate Amount 5.095 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit2 Rent 2800 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit3 Rent 2800 Unit3 Security Deposit 0 Utilities Gas-Natural Water Public Water Year Built Description Approximate

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 862-251-4915.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-12T14:49:11.067.
 
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Christie's International Real Estate Group
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Summit NJ, 07901