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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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Michael Vera Silva
Broker Owner | License ID: 1866470
Broker Owner License ID: 1866470