Commercial Sale For Sale
51 Mill Street, Paterson, Nj 07501
Property Description
Amazing opportunity in the heart of downtown Paterson – 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage.
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 24031244
Price : $800,000
Status : Active Under Contract
Office Name : Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston
Agent Name : Roman
Roof : Flat
Features
Architectural Style : 5+Family
Address Map
Country : US
State : NJ
County : PASSAIC
City : Paterson
Zipcode : 07501
Street : Mill
Street Number : 51
Street Suffix : Street
Longitude : W74° 9' 36.9''
Latitude : N41° 20' 35.7''
Additional Information
On Market Date : 2024-09-26
Financial
Tax Annual Amount : 14405
Listing Information
List Agent Mls Id : 1021315
List Office Mls Id : 269910
Mls Status : Under Contract
Modification Timestamp : 2025-02-13T14:15:18Z
Originating System Name : njmls
Status Change Timestamp : 2024-12-18
