119 W Broadway new Save Request In-Person Tour Request Virtual Tour
Paterson City,NJ 07522
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3964696
Annual Tax Amount $13,598
Tax Year 2024
Lot Size 1,742 Sqft
Property Sub-Type Mixed Use
Property Description
Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing market
Location
State NJ
County Passaic
Zoning Commercial
Rooms
Basement Bilco-Style Door, Unfinished
Interior
Heating Gas-Natural
Cooling No Cool
Flooring Tile, Vinyl-Linoleum, Wood
Equipment Kitchen Area
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas In Street
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple