Properties

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, 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 for 5 more years. 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. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential! DUE TO SEVERAL OFFERS WE ARE CALLING FOR H&B THIS COMING SAT AT 12PM. WE HIGHLY APPRECIATE YOUR PARTICIPATION. THANK YOU!

Features

  • Heating System : Baseboard - Hotwater, 3 Units
  • Cooling System : None, Windowac
  • Basement : Full, Finished
  • Roof Deck : Asphalt Shingle
  • Parking : 12
  • Parking Description: 1 Car Width, Blacktop
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Marbl
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 739000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: PROMISE LAND REALTY
  • Office MLS ID: 1778
  • Agent ID: 250954
  • Tax: 18149
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$860,000

40 Manchester Ave, Paterson City, *

  • SQFT 50 Acre
  • Bedroom 10
  • Built Year 1940

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5447522
  • Price: $860,000
  • Bedrooms: 10
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1940
  • Year Built Description: Approximate
  • Lot Area: 50 Acre
  • Status: Active
  • Days On Market: 33

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Passaic
  • City Paterson City
  • Zipcode *
  • Street: Manchester Ave
  • Street Number: 40
  • Street Direction: Totowa Ave to Manchester Ave
  • Floor Number: 0
  • Longitude: W75° 48' 47.1''
  • Latitude: N40° 55' 7.1''
  • Internet Display Address: No
Property