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605 Madison St Paterson, NJ 07514

For Sale
$775,000

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

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Paterson
County
Passaic
State
New Jersey
Longitude
-74.1653563
Latitude
40.907819

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.
More about this property
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