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    51 Mill St

    Paterson City, NJ 07501
    • $475,000
    • STATUS: Active
    • ON SITE: 32 days
    • MLS #: 3690459
    UPDATED: 175 min ago
    $475,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,369
      SQFT
    • $141
      $/SQFT
    Type:
    Commercial
    Built:
    1939
    County:

    School Ratings & Info

    Description

    GREAT opportunity in the heart of downtown Paterson - 8 bedrooms and 6 full baths total. 1 3BR, 4 1BR & 1 STUDIO apartments with off street parking. Great for both an owner-occupant or an investor looking for value add opportunity. Under market value rents grossing $55,200 Separate utilities yielding a little over 7% cap rate. All tenants are in good standing with month-to-month agreements. Please note there's a large basement with plenty of storage.

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    © 2021 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 Northern New Jersey. 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 Northern New Jersey 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 2021-03-08T10:46:51.083.
    www.srrealestategroup.com/homes/113890210
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    51 Mill St Paterson City, NJ 07501

    • Price: $475,000
    • Status: Active
    • Updated: 175 min ago
    • MLS #: 3690459
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    3,369
    SQFT
    $141
    $/SQFT
    1939
    Built
    County:
    Passaic
    Area:
    Paterson City
    Property Description
    GREAT opportunity in the heart of downtown Paterson - 8 bedrooms and 6 full baths total. 1 3BR, 4 1BR & 1 STUDIO apartments with off street parking. Great for both an owner-occupant or an investor looking for value add opportunity. Under market value rents grossing $55,200 Separate utilities yielding a little over 7% cap rate. All tenants are in good standing with month-to-month agreements. Please note there's a large basement with plenty of storage.
    Exterior Features

    Approximate Lot Size 25X68 Construction Wood Exterior Description Aluminum Location Business DistrictResidential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 2 Car WidthBlacktopOff-Street Parking Roof Description Flat

    Interior Features

    Basement Yes Basement Description Bilco-Style DoorFullUnfinished Cooling Central AirWindow A/C(S) Equipment Available Appliances Heating Baseboard - Hotwater Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 6 Office Sq Ft 0

    Property Features

    For Sale Or Lease For Sale Fuel Type Gas-Natural Primary Property Type Mixeduse Property Type Mixed Use Sale Includes See Remarks Sewer Public Sewer Suite Number 51 Tax Amount 12145 Tax Rate Amount 4.134 Tax Rate Year 2019 Tax Year 2019 Utilities Electric Water Public Water Year Built Description Approximate Zoning Mixed Use

    Listing information © 2021 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of .


    © 2021 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 Northern New Jersey. 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 Northern New Jersey 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 2021-03-08T10:46:51.083.
     
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    Summit NJ, 07901