Meg Richards - Coldwell Banker Hearthside
61 Montgomery St
Paterson City, NJ 07501

Description

Stabilized 2-Family offering 3-Bed and 4-Bed apartment floor plans. Separately metered electric, cooking gas, heat/hot water covered by residents. Upgraded Goodman Forced Hot Air heating system (Unit 2;2nd Floor) represents capital improvement completed in Year 2018. Broker assumptions for vacancy rate and property management factored into Going-In 8.2% Cap Rate and 13.20% Cash-on-Cash. Investment property opportunity ideal for Buy/Hold investors seeking small/self-manageable assets and potential owner/occupants with move-in date flexibility.

Details

MLS#3507301
Sub-TypeResale
StatusActive
Year1900
Days On Site9

Features

Units2
Building(s)1

Additional Information

Annual Tax Amount4867
Assesed Tax Valuation117800
Tax ID4.160
Tax Rate2017
Tax Rate Year2017

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Area Information

StateNJ
CountyPassaic
CityPaterson City
Zip Code07501
AreaPassaic
Listing VS Median (in 07501)
Price:
$243,000
low | high
Med:
$207,400
64.650205761317% of Average
On Site:
9
low | high
Med:
79
11.392405063291% of Average
Listing Updated: 10/16/2018
MLS Number: 3507301
Listing Provided By:
WASHINGTON PAUL E.  of  COLDWELL BANKER REALTORS