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216 17Th Ave

Paterson City, NJ 07504
  • $824,900
  • STATUS: Active
  • ON SITE: 92 Days
  • MLS #: 3814693
$824,900
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,210
    SQFT
  • $257
    $/SQFT
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Recently renovated 4 units commercial property with 3 fully rented residential apartments (total current rent $4,800.00/mo) and a VACANT store ready for a Laundromat business with 35 licenses for washers & dryers that expired December 2022, and parking for 3 cars in the back. The last Certificate of Inspection from the State was done on 2/23/2021. CAP is over 7% with a potential store rent of $2K/month.

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Garden State MLS logo © 2023 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 2023-01-26T23:46:15.66.
www.srrealestategroup.com/homes/134271851
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216 17Th Ave Paterson City, NJ 07504

  • Price: $824,900
  • Status: Active
  • On Site: 92 Days
  • MLS #: 3814693
0
Beds
0
Baths
0
½ Baths
0.06
Acres
3,210
SQFT
$257
$/SQFT
1900
Built
County:
Passaic
Area:
Paterson City
Property Description
Recently renovated 4 units commercial property with 3 fully rented residential apartments (total current rent $4,800.00/mo) and a VACANT store ready for a Laundromat business with 35 licenses for washers & dryers that expired December 2022, and parking for 3 cars in the back. The last Certificate of Inspection from the State was done on 2/23/2021. CAP is over 7% with a potential store rent of $2K/month.
Exterior Features

Approximate Lot Size 25X100 Available Parking Spaces 3 Construction Wood Exterior Description Aluminum Location Residential Area Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description None Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description UnfinishedWalkout Cooling Window A/C(S) Equipment Available See Remarks Floors Vinyl-Linoleum Heating 4+ UnitsRadiators - Steam Max Ceiling Height 8 Max Door Height 0 Number Of Doors 0 Number Of Lavatories 4 Office Sq Ft 0

Property Features

Available Immediately Building Number 1 Expenses Include InsuranceTaxesWater/Sewer For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 81600 Lease Includes SewerTaxesWater Monthly Maintenance Fee 1531 Net Operating Income 63225 Owner Pays Maintenance-Common AreaMaintenance-LawnSnow RemovalWater Primary Property Type Mixeduse Property Type Mixed UseStore With Apartment Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 13154 Tax Rate Amount 4.476 Tax Rate Year 2021 Tax Year 2021 Tenant Pays ElectricGasHeatHot Water Total Operating Expense 18375 Utilities All UndergroundElectricGas In Street Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning Commercial

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Nicholas Real Estate Agency: 973-340-1202.


Garden State MLS logo © 2023 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 2023-01-26T23:46:15.66.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901