$ 749,999
93 Front St Paterson City, NJ 07522
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$ 749,999
Est. payment /mo
Price Dropped by $50K
93 Front St Paterson City, NJ 07522
8 Beds
3 Baths
2,600 SqFt
UPDATED:
10/16/2024 03:35 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $288
MLS Listing ID 3928591
Style 3-Three Story, Triplex
Bedrooms 8
Full Baths 3
Year Built 1950
Annual Tax Amount $12,375
Tax Year 2023
Lot Size 3,049 Sqft
Property Description
Huge Price Drop! Cash Flow Alert! All units vacant! This fully renovated 3-family home, just steps from the iconic Great Falls, is a true income-generating powerhouse. With brand-new everything roof, high efficiency HVAC, luxury vinyl plank floors, kitchens/appliances, bathrooms, and paint this property is a turn-key investment ready to roll.The first-floor unit offers 1 bed, 1 bath, and an estimated rent of $1,500/month. The second-floor unit features 3 beds, 1 bath, and is anticipated to rent for $2,400/month. The third/fourth-floor duplex boasts 4 beds, 1 bath, commanding $2,700/month.Total Pro Forma Rent: $6,600/month!Live in one unit and let the others pay your mortgage, or rent all three and watch your cash flow soar! This is your chance to own a prime, renovated property that's built for profit. Don't wait this gem won't last long!Check out Rent Roll Proforma Photo. This is a great investor play for cash flow or for owner occupied to pay next to nothing on their mortgage
Location
State NJ
County Passaic
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Stucco, Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle, Flat
Parking Type On-Street Parking
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story, Triplex
Others
Senior Community No
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Listed by ELITE REALTORS OF NEW JERSEY