69 N 3Rd St, Paterson City, NJ 07522
- $679,000
- 7
- BD
- 3
- BA
- List Price
- $679,000
- MLS#
- 4040538
- Dom
- 8
- Year Built
- 1939
- Status
- ACTIVE
- County
- Passaic
- City
- Paterson City
- Bedrooms
- 7
- Bathrooms
- 3
- Baths Full
- 3
Property Description
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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Additional Information
- Cooling
- None
- Exterior
- Composition Shingle
- Garage Description
- None, On-Street Parking
- Heating
- 2 Units, Baseboard - Electric, Baseboard - Hotwater, Radiators - Hot Water
- Interior
- Carbon Monoxide Detector, See Remarks, Smoke Detector, Vinyl-Linoleum Floors
- Roof
- Asphalt Shingle
- Elementary School
- NUMBER 28
- Middle School
- NUMBER 4
- High School
- JFK
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Level Lot
- Exterior Features
- Open Porch(es)
- Garage Description
- None, On-Street Parking
Mortgage Calculator
Listing Courtesy Of REAL, Contact: 862-203-0975
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