Kayla Keck - Coldwell Banker Hearthside
205 Harrison St
Paterson City, NJ 07501

Description

Stabilized 2-Family featuring a rare 4-Bed/5-Bed unit mix. Upper Bi-Level unit offers 5-Bed, EIK, and living room area floor plan. Residents pay own electric, cooking gas, heat/hot water utilities. Property benefits from capital improvements; roof replacement/updated gas-fired boilers and interior renovations; flooring, kitchens and baths all completed in Year 2018. Broker assumptions for vacancy rate and property management factored into Going-In Cap Rate @ 9.5% and 19.62% 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#3507290
Sub-TypeResale
StatusActive
Year1950
Days On Site38

Features

Units2
Building(s)1

Additional Information

Annual Tax Amount6502
Assesed Tax Valuation122500
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:
$240,000
low | high
Med:
$229,000
54.583333333333% of Average
On Site:
38
low | high
Med:
318
11.949685534591% of Average
Listing Updated: 11/13/2018
MLS Number: 3507290
Listing Provided By:
WASHINGTON PAUL E.  of  COLDWELL BANKER REALTORS