Paterson City, NJ 07501,51 Mill St
Paterson City, NJ 07501,51 Mill St
Paterson City, NJ 07501,51 Mill St
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$800,000
Est. payment /mo
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1,742 Sqft Lot
Active

51 Mill St Paterson City, NJ 07501

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UPDATED:

09/26/2024 06:48 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3926285

Annual Tax Amount $14,405

Tax Year 2023

Lot Size 1,742 Sqft

Property Description

Amazing opportunity in the heart of downtown Paterson - 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage.

Location

State NJ

County Passaic

Zoning Multi-Family

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling No Cool

Equipment Fixtures

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum

Garage Spaces 2.0

Utilities Available Gas-Natural

Roof Type Flat

Parking Type 2 Car Width

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


Garden State MLS(GSMLS)
Listed by BHHS FOX & ROACH

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Gary Pallay

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+1(908) 698-1053

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51 Mill St