40 Manchester Ave, Paterson City, NJ 07502
- $860,000
- 10
- BD
- 4
- BA
- List Price
- $860,000
- MLS#
- 4041532
- Dom
- 1
- Year Built
- 1940
- Status
- ACTIVE
- County
- Passaic
- City
- Paterson City
- Bedrooms
- 10
- Bathrooms
- 4
- Baths Full
- 4
- Acres
- 0.11
Property Description
Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!
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Additional Information
- Taxes
- $18,149
- Cooling
- None, WindowAC
- Exterior
- Vinyl Siding
- Garage Description
- None
- Heating
- 3 Units, Baseboard - Hotwater
- Interior
- Carbon Monoxide Detector, Fire Extinguisher, Marble Floors, Parquet Floors, Smoke Detector
- Roof
- Asphalt Shingle
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Level Lot
- Garage Description
- None
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Listing Courtesy Of PROMISE LAND REALTY, Contact: 973-253-7330
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