Commercial space For Sale in Paterson, NJ
MLS# : 24027475
PROPERTY DETAILS
PROPERTY DESCRIPTION
Welcome to an exceptional investment opportunity in the heart of Paterson's thriving business district! This mixed-use property comprises two buildings at 37-39 and 41 Mill St, complemented by an additional lot at 7 Elm St. Currently, the property boasts a lucrative Day Care facility at 37-41 Mill St, generating a monthly rental income of $6000. The residential units include a spacious 3-bedroom, 1.5-bath apartment at $1360, two 2-bedroom units at 41 Mill St priced at $1110 and $1500, and a 2-bedroom unit on the third floor at $1050. All units feature separate utilities, with tenants responsible for water, heat, and electricity. The owner covers sewer payments, excluding the Day Care facility, which manages its own expenses. The sale includes the lot at 7 Elm St, utilized by the Day Care. Apartments are on a month-to-month basis, except for the Day Care, this property offers a stable income stream. According to the seller, the Day Care contributes to a portion of tax increases.
Amenities
This listing is a courtesy of Realty One Group Legend, Clifton
(973) 772-0660 office, listing agent Johnny Rodriguez
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $99,000 - 599,000 | 18 avail |
| Condos : | $165,000 - 405,000 | 10 avail |
| Co-ops : | - | |
| Twnhs : | - | |
| 2-4 Fam : | $325,000 - 1,200,000 | 75 avail |
| 5+ Fam : | $889,000 - 7,250,000 | 2 avail |
| Land : | $70,000 - 289,000 | 6 avail |
| Rentals : | $1,650 - 3,900 | 42 avail |
| Mixd Use : | $889,000 - 7,250,000 | 3 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $120,000 - 950,000 | 3 avail |
