Properties

Description

Income-Producing Property with High Potential. This exceptional all-brick property is a prime investment opportunity, ideally located on a bustling commercial street in a rapidly developing area. The building features 2 spacious three-bedroom apartments and 2 versatile commercial units, offering a balanced mix of residential and commercial income streams. The apartments are in excellent condition, making them highly desirable for tenants, while the commercial units present endless possibilities for businesses looking to capitalize on the area's growth. With new construction projects underway all around, this property is perfectly positioned to benefit from the neighborhood's upward trajectory, offering significant potential for rental income upside. Additionally, the property boasts LOW TAXES, enhancing its profitability and making it an even more attractive investment. Whether you're an experienced investor or looking to diversify your portfolio, this property offers a rare combination of stability, growth potential, and strong cash flow. Don't miss out on this opportunity to own a piece of a thriving community! Current rents: Apartments, $2,000 each, Grocery store $2,000 and Other store $900

Features

  • Heating System : Forced Hot Air, See Remarks
  • Cooling System : No Cool
  • Basement : Full, Unfinished
  • Roof Deck : Flat, See Remarks
  • Furnished : See Remarks
  • Tax Assessed Valuation: 249900
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas In Street, Gas-Natural

Additional Info

  • Office Name: UNITED REAL ESTATE
  • Office MLS ID: 4738
  • Agent ID: 249627
  • Tax: 12732
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: Commercial

Commercial For Sale

For Sale
$949,900

597 River St, Paterson City, *

  • SQFT 30 Acre
  • Built Year 1940

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5337102
  • Price: $949,900
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1940
  • Year Built Description: Approximate
  • Lot Area: 30 Acre
  • Status: Active
  • Days On Market: 1

Contact Agent

Map

Address Map

  • Country US
  • County Passaic
  • City Paterson City
  • Zipcode *
  • Subdivision: Riverside Section
  • Street: River St
  • Street Number: 597
  • Street Direction: River St
  • Floor Number: 0
  • Longitude: W75° 50' 38.3''
  • Latitude: N40° 56' 2.5''
  • Internet Display Address: No
Property