122 16Th Ave, Paterson City, NJ 07501
- $1,250,000
- List Price
- $1,250,000
- MLS#
- 4034154
- Dom
- 2
- Year Built
- 1925
- Status
- ACTIVE
- County
- Passaic
- City
- Paterson City
- Subdivision
- FORTH WARD
- Acres
- 0.03
Property Description
Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.
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Additional Information
- Taxes
- $20,481
- Cooling
- See Remarks
- Exterior
- Brick/Block, Vinyl Siding
- Heating
- 4+ Units
- Roof
- Asphalt Shingle
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
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Listing Courtesy Of KELLER WILLIAMS MID-TOWN DIRECT, Contact: 848-354-3563
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