Paterson, NJ 07501,11 Elm ST
Listed by Johnny Rodriguez • Realty One Group Legend, Clifton • (973) 390-7319
$570,000
Est. payment /mo
$589,000
3.2%
Est.Price: ?

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4 Beds
1 Bath
SOLD DATE : 01/17/2024

Key Details

Sold Price $570,000

Property Type Multi-Family

Sub Type 3 Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23035278

Sold Date 01/17/24

Style 3 Family

Bedrooms 4

Full Baths 1

Annual Tax Amount $6,396

Property Description

Incredible Investment Opportunity on Elm Street, Paterson, NJ! Welcome to 9-11 Elm Street, a phenomenal property presenting an unmatched investment potential in the heart of Paterson, New Jersey. This unique listing offers not just a 3-family home on one lot but also a bonus second lot, measuring 25x110 feet. Imagine the possibilities! The existing 3-family home, built in the 1940s, features two one-bedroom apartments and a spacious two-bedroom unit, providing a solid foundation for rental income or a comfortable residence with added financial benefits. What makes this property truly exceptional is the potential for expansion on the adjoining lot. With dimensions of 25x110 feet, this space is perfect for building a new two-family property. Seize the opportunity to maximize your investment returns in this redevelopment zone. It's an ideal chance for those looking to increase their income potential through smart development.

Location

State NJ

County Passaic

Area Paterson

Rooms

Basement Unfinished

Interior

Heating Gas

Fireplaces Type None

Laundry None

Exterior

Exterior Feature Vinyl

Garage Park Space

Utilities Available Sep Elec, Sep Gas, Sep Heat

Waterfront Description None

View None

Building

Lot Description Regular

Others

Senior Community No

Ownership Corporate

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New Jersey MLS (NJMLS)

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Michael Vera Silva

+1(201) 292-7421

Broker Owner | License ID: 1866470

Broker Owner License ID: 1866470

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