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$690,000 - 50 Cianci St, Paterson City

-
Bedrooms
-
Baths
5,922
SQ. Feet
0.06
Acres

Mixed-use opportunity (4 apartments and 1 retail) in the heart of downtown Paterson. 8 bedrooms and 4 full baths total. Great for both an owner-occupant with a business on the ground floor or an investor looking for value add. Under market value rents grossing $48,882. Separate utilities yielding a 7% cap rate. 2 water heaters replaced in 2018, 1 replaced this year. 5-year-old furnaces. The roof replaced 5 years ago. All tenants are in good standing with month-to-month agreements. Please note there's a large clean basement with plenty of storage. Property is being sold as-is LQ LICENSE NOT INCLUDED

Essential Information

  • MLS® #:
    3682386
  • Price:
    $690,000
  • Square Footage:
    5,922
  • Acres:
    0.06
  • Year Built:
    1939
  • Type:
    Commercial
  • Status:
    Under Contract Cont. to Show

Community Information

  • Address:
    50 Cianci St
  • City:
    Paterson City
  • County:
    Passaic
  • State:
    NJ
  • Zip Code:
    07501-1833

Amenities

  • Utilities:
    Gas In Street
  • Parking:
    On-Street Parking

Interior

  • Heating:
    Gas-Natural
  • # of Stories:
    3

Exterior

  • Exterior:
    Brick
  • Roof:
    Flat

Additional Information

  • Date Listed:
    December 9th, 2020
  • Days on Market:
    189
  • Zoning:
    MIXED

Listing Details

  • Listing Office:
    Jmichaels Realty , Oradell

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Listing information last updated on October 24th, 2021 at 2:48am EDT.