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$4,900,000 - 47 Carroll St, Paterson City

-
Bedrooms
-
Baths
13,056
SQ. Feet
0.11
Acres

Welcome to an exceptional investment opportunity at 47-49 Carroll Street in Paterson, NJ. This impressive, fully renovated, and turn-key 16-unit property offers a total of 13,056 square feet of living space, set on a 5,000 square foot lot. Each unit features a comfortable 2-bedroom, 1-bathroom layout, and the property is fully occupied, ensuring immediate rental income. Residents enjoy the convenience of on-site laundry facilities in the basement. Benefit from a 30-year tax abatement and take advantage of the property's location within an opportunity zone, aligning with Paterson's exciting revitalization efforts. An income and expense report is available upon request, providing transparency and insight into this smart investment. Don't miss your chance to be part of Paterson's promising future!

Essential Information

  • MLS® #:
    3935661
  • Price:
    $4,900,000
  • Square Footage:
    13,056
  • Acres:
    0.11
  • Year Built:
    1940
  • Type:
    Commercial
  • Status:
    Active

Community Information

  • Address:
    47 Carroll St
  • City:
    Paterson City
  • County:
    Passaic
  • State:
    NJ
  • Zip Code:
    07501

Amenities

  • Utilities:
    Electric, Gas-Natural
  • Parking:
    None

Interior

  • Heating:
    Gas-Natural
  • # of Stories:
    4

Exterior

  • Exterior:
    Brick
  • Roof:
    Asphalt Shingle

Additional Information

  • Date Listed:
    November 22nd, 2024
  • Days on Market:
    53
  • Zoning:
    Residential

Listing Details

  • Listing Office:
    Compass New Jersey Llc

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Listing information last updated on January 15th, 2025 at 5:48am EST.