Damon Kramer - Coldwell Banker Hearthside
109 Warren St
Paterson City, NJ 07524

Description

Investment prop w/ rare 7-room Bi-Level unit; 5-BD/2 BTH, EIK/sep.living room. Sep. electric/gas/heat/hw tenant utilities. Pro Forma 8.11% Going-In cap rate and +12% Cash-on-Cash. Primary capital improvement completed in Year 2016 entails new baseboard-hot water heating system fueled by gas-fired boilers; Weil McClain, Williamson & Crown respectively. Investment property opportunity ideal for 1) Performance Buy/Hold Investors seeking immediate cashflow for long-term hold and 2) Owner-occupants. Property is for sale individually or as part of stabilized/income producing 4-building Paterson-based multifamily portfolio - refer to MLS 3463933, 3463939, and 3463950.

Details

MLS#3463944
Sub-TypeResale
StatusActive
Year1930
Days On Site149

Features

Units2
Building(s)1

Additional Information

Annual Tax Amount5657
Assesed Tax Valuation136000
Tax ID4.160
Tax Rate2017
Tax Rate Year2017

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Area Information

StateNJ
CountyPassaic
CityPaterson City
Zip Code07524
AreaPassaic
Listing VS Median (in 07524)
Price:
$243,000
low | high
Med:
$254,900
45.102880658436% of Average
On Site:
149
low | high
Med:
73
100% of Average
Listing Updated: 09/18/2018
MLS Number: 3463944
Listing Provided By:
WASHINGTON PAUL E.  of  COLDWELL BANKER REALTORS