Excellent 3-family investment opportunity in Paterson! Whether you're a seasoned investor looking to expand your portfolio or a first-time home buyer ready to become a landlord, this property offers a compelling combination of space and income potential. Featuring a total of 7 bedrooms and 3 full bathrooms across three separate units, the property currently generates over $5,800 in monthly rental income over $70,000 annually in gross rents. With separate utilities, the property is designed for more efficient management and reduced owner-paid expenses. Investors can take advantage of strong existing rental income, while owner-occupants may have the opportunity to live in one unit and use rental income from the others to help offset their monthly mortgage payment. This is a great opportunity to own a true income-producing multi-family property and start building long-term wealth through real estate. Don't miss your chance to add this 3-family property to your portfolio or make your first move into real estate investing!
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Zillow last checked:
Listing updated:
Listed by:
Braulio Cespedes862-203-0975,
Real
Source: GSMLS,MLS#: 4040538
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 3
Full bathrooms: 3
Heating
2 Units, Baseboard - Electric, Baseboard - Hotwater, Radiators - Hot Water, Natural Gas
Appliances
Included: Range/Oven - Gas, Refrigerator, Range/Oven - Electric, Gas Water Heater
Features
See Remarks, Bedrooms, Eat-in Kitchen, Living Room, Master Bedroom, Family Room, Kitchen
Flooring: Vinyl-Linoleum Floors
Basement: Yes,Partial,Unfinished
Has fireplace: No
Interior area
Total structure area: 3,200
Total interior livable area: 3,200 sqft
Property
Parking
Parking features: None, On Street, On-Street Parking
Has uncovered spaces: Yes
Features
Levels: 3-Three Story
Stories: 3
Patio & porch: Open Porch(es)
Lot
Features: Level
Details
Parcel number: 2508004110000000030000
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Composition Shingle
Roof: Asphalt Shingle
Condition
Year built: 1939
Major remodel year: 2024
Utilities & green energy
Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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