Frank Dolski - Coldwell Banker Hearthside
61 Montgomery St
Paterson City, NJ 07501

Description

Fully occupied investment prop feat. 6-room bi-level unit w/ 4-BD, EIK & living room. Sep. tenant utilities; electric/cooking gas/heat/hw. Income producing 8.24% Going-In Cap Rate & +13% Cash-on-Cash. Upgraded Goodman Forced Hot Air heating system (Unit 2;2nd Floor) represents primary capital improvement completed in Year 2018. Investment property opportunity ideal for 1) Buy/Hold performance Investors seeking immediate cashflow for long-term hold and 2) Potential owner-occupants w/ move-in date flexibility. Property is for sale individually or as part of stabilized/income producing 4-building Paterson-based multifamily portfolio - refer to MLS 3463933, 3463944, and 3463950.

Details

MLS#3463939
Sub-TypeResale
StatusActive
Year1900
Days On Site152

Features

Units2
Building(s)1

Additional Information

Annual Tax Amount4867
Assesed Tax Valuation117000
Tax ID4.160
Tax Rate2017
Tax Rate Year2017

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Area Information

StateNJ
CountyPassaic
CityPaterson City
Zip Code07501
AreaPassaic
Listing VS Median (in 07501)
Price:
$243,000
low | high
Med:
$185,000
73.868312757202% of Average
On Site:
152
low | high
Med:
39
100% of Average
Listing Updated: 09/21/2018
MLS Number: 3463939
Listing Provided By:
WASHINGTON PAUL E.  of  COLDWELL BANKER REALTORS