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Deb Hagemeister

debsellsnj@gmail.com +1(973) 886-7831

$699,900

Est. payment - /mo

11 Beds

3 Baths

3,207 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,207 sqft

Price per Sqft $218

MLS Listing ID 4042118

Style 3-Three Story

Bedrooms 11

Full Baths 3

Year Built 1900

Annual Tax Amount $12,195

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

Acquire a Stabilized, High-Performing Multifamily Asset in the Heart of Paterson. This fully occupied legal 3-family features 11 bedrooms, 3 full baths, and over 3,200 square feet of income-producing real estate. All three units are leased at market rents to established tenants, providing immediate, reliable cash flow from day one. Recent capital improvements, including renovated second and third floor units, updated utilities, and a new roof (2021), significantly reduce near-term capital expenditures, making this a true turnkey investment. A full unfinished basement offers future value-add potential, while the property's location in one of Paterson's strongest rental markets supports long-term appreciation and consistent occupancy. Whether you're expanding your portfolio or completing a 1031 Exchange, this is more than a multifamily property it's a performing asset designed to generate stable income and long-term returns. Property is being sold strictly As-Is, Where-Is with tenants in place. Seller will make no repairs or provide credits. All inspections are for the buyer's informational purposes only.

Location

State NJ

County Passaic

Rooms

Basement Bilco-Style Door, Full, Unfinished

Interior

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available All Underground, Electric, Gas-Natural

Roof Type Flat

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

Elementary Schools Number 10

Middle Schools Number 21

High Schools Rosa Parks

Others

Senior Community No

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Listed by REALTY ONE GROUP LEGEND

Nearby Locations

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Deb Hagemeister

+1(973) 886-7831

Broker Associate | License ID: 9133524

Broker Associate License ID: 9133524

69 Graham Ave Paterson City, NJ 07524

Deb Hagemeister

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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