523 Park Ave, Paterson City, NJ 07504
- $799,000
- 10
- BD
- 3
- BA
- List Price
- $799,000
- MLS#
- 4036074
- Dom
- 9
- Year Built
- 1940
- Status
- ACTIVE
- County
- Passaic
- City
- Paterson City
- Bedrooms
- 10
- Bathrooms
- 3
- Baths Full
- 3
- Acres
- 0.04
Property Description
Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.
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Additional Information
- Taxes
- $4,972
- Cooling
- None
- Exterior
- Aluminum Siding
- Garage Description
- On-Street Parking
- Heating
- 2 Units
- Interior
- Smoke Detector
- Roof
- Composition Shingle
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Corner, Level Lot
- Exterior Features
- Sidewalk
- Garage Description
- On-Street Parking
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Listing Courtesy Of REALTY EMPIRE, LLC, Contact: 973-510-2260
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