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84 Madison St , #3

Paterson City, NJ 07501
  • $799,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 3907107
UPDATED: 131 min ago
$799,000
  • 15
    BEDS
  • 0.09
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Huge three-family house, featuring 5 bedrooms on each floor, a living room, and a formal dining room. It is located by Downtown Paterson right off Route 19th, within walking distance to shopping centers. It has a driveway for approximately 5-6 cars, close to all major highways. In need of minor TLC. The basement has 2 storage rooms that can be also, rented for another $500 a month. This property is been sold "as is".Great investment. It is a money-making tool, producing over $7,0000 per month when fully rented(currently only the 2nd fl. is about to be vacant), all apartments have separate utilities. Currently Passaic County Affordable Housing(Sec. 8) is paying up to $3200 for 5-bedroom apartments in the area.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-07-17T17:46:45.947.
www.baerhomes.com/homes/151560707
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84 Madison St , #3 Paterson City, NJ 07501

  • Price: $799,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 131 min ago
  • MLS #: 3907107
15
Beds
3
Baths
0
½ Baths
0.09
Acres
County:
Passaic
Area:
Paterson City
Property Description
Huge three-family house, featuring 5 bedrooms on each floor, a living room, and a formal dining room. It is located by Downtown Paterson right off Route 19th, within walking distance to shopping centers. It has a driveway for approximately 5-6 cars, close to all major highways. In need of minor TLC. The basement has 2 storage rooms that can be also, rented for another $500 a month. This property is been sold "as is".Great investment. It is a money-making tool, producing over $7,0000 per month when fully rented(currently only the 2nd fl. is about to be vacant), all apartments have separate utilities. Currently Passaic County Affordable Housing(Sec. 8) is paying up to $3200 for 5-bedroom apartments in the area.
Exterior Features

Approximate Lot Size 37.5X100 Color Of Building Cream Exterior Description Vinyl Siding Exterior Features Hot TubMetal FencePrivacy FenceSidewalk Lot Description Flag Lot Number Of Parking Spaces 5 Parking Driveway Description BlacktopFencingParking Lot-Exclusive Roof Description Composition ShingleFlat

Interior Features

Basement Yes Basement Description Unfinished Cooling None Heating 3 UnitsRadiant - Hot WaterRadiators - Hot Water Total Number Of Rooms 21 Unit1 Appliances Equipment Carbon Monoxide DetectorInstant Hot WaterRange/Oven - ElectricSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 5 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomKitchenLiving RoomPantry Unit1 Rooms 8 Unit1 Security Deposit 0 Unit1 Sq Ft 1200 Unit2 Appliances Equipment Carbon Monoxide DetectorInstant Hot WaterRange/Oven - ElectricSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 5 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomKitchenLiving RoomPantry Unit2 Rooms 8 Unit2 Sq Ft 1200 Unit3 Baths 1.0 Unit3 Bedrooms 5 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsDining RoomKitchenLiving RoomPantry Unit3 Rooms 8 Unit3 Sq Ft 1200

Property Features

Assessment Total 337900 Building Assessment 312900 Easement No Exclusions Tenants belonnings Expenses Include Cold WaterGarbage CollectionTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 90000 Home Warranty Yes Land Assessment 25000 Net Operating Income 59315 Services Cable TVCable TV AvailableGarbage Included Sewer Public Sewer Tax Amount 16567 Tax Rate Amount 4.903 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 30685 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2525 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 2600 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 2425 Unit3 Security Deposit 2425 Utilities All UndergroundGas-Natural Water Public Water Water Heater From FurnaceGas Year Built Description Unknown

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 201-292-3777.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-07-17T17:46:45.947.
 
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