605 Madison St Paterson, NJ 07514
Three-unit residential building with income potential in Paterson, NJ.
Source: EXP Realty, LLC
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Paterson Multifamily Property For Sale
This multifamily property located in Paterson, NJ, features a total of 10 bedrooms and 5 bathrooms across three units. Unit 1 and Unit 2 are currently occupied and leased for $3200 monthly each. These units each contain 3 beds and 2 baths, and feature central A/C. The third unit is vacant and contains 4 beds and 1 bath. The property includes a full unfinished basement and a backyard. Street parking is available. This property presents a potential opportunity for investors seeking monthly income and cash flow.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1653563
- Latitude
- 40.907819
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Three-unit residential building with income potential in Paterson, NJ.
Where is this apartment building located?
The property is located at 605 Madison St Paterson, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: - High Income Potential: Two units currently leased at $3200 per month, with a vacant 4-bedroom unit offering further income opportunities.; - Multi-Family Structure: A 3-family home ideal for investors seeking rental income.; - Large Units: Features a total of 10 bedrooms and 5 bathrooms across three units.