$749,000 - 84 Madison St, Paterson City
- 15
- Bedrooms
- 3
- Baths
- N/A
- SQ. Feet
- 0.09
- Acres
Huge three-family house, featuring 5 bedrooms on each floor, a living room, and a formal dining room. It is located by Downtown Paterson right off Route 19th, within walking distance to shopping centers. It has a driveway for approximately 5-6 cars, close to all major highways. In need of minor TLC. The basement has 2 storage rooms that can be also, rented for another $500 a month. This property is been sold "as is".Great investment. It is a money-making tool, producing over $7,0000 per month when fully rented(currently only the 2nd fl. is about to be vacant), and all apartments have separate utilities. Currently Passaic County Affordable Housing(Sec. 8) is paying up to $3200 for 5-bedroom apartments in the area, therefore your new rent roll will be $9600. The owner will cooperate with 3.5% seller concession if the offer is a full asking price.
Essential Information
-
- MLS® #:
- 3907107
-
- Price:
- $749,000
-
- Bedrooms:
- 15
-
- Bathrooms:
- 3.00
-
- Full Baths:
- 3
-
- Acres:
- 0.09
-
- Year Built:
- 1930
-
- Type:
- Multi Family
-
- Style:
- ThreStry
-
- Status:
- Active
Community Information
-
- Address:
- 84 Madison St
-
- City:
- Paterson City
-
- County:
- Passaic
-
- State:
- NJ
-
- Zip Code:
- 07501-3030
Amenities
-
- Utilities:
- All Underground, Gas-Natural
-
- Parking Spaces:
- 5
-
- Parking:
- Blacktop, Fencing, Parking Lot-Exclusive
Interior
-
- Heating:
- Gas-Natural
Exterior
-
- Exterior:
- Vinyl Siding
-
- Exterior Features:
- Metal Fence, Sidewalk, Privacy Fence, Hot Tub
-
- Roof:
- Composition Shingle, Flat
Additional Information
-
- Date Listed:
- June 11th, 2024
-
- Days on Market:
- 128
Listing Details
- Listing Office:
- Estates Prime Realty