384 River St Paterson, NJ 07524

Building Details

Year Built

1930

Listing Agency UNITED REAL ESTATE r***@robsrealtor.com Show Phone

Listed by ROBERTO SANCHEZ

Source Corcoran

Added: Feb 9 Checked: Jul 16 at 7:32 am

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Investment Insights

Based on property information with market context.

This well-maintained mixed-use property features eight units. The second floor contains four residential units, each with two bedrooms, a living room, a kitchen, and a bathroom. Constructed around 1995, these units feature modern, open layouts and separate utilities with gas baseboard heat. The ground floor comprises four commercial spaces. Unit #1, previously an upholstery shop, offers approximately 2000 square feet and a 12-foot overhead door and is available for rent at $2,000 per month. Unit #2 is occupied by a Karate/Gym with an office, a second-floor room, and restrooms, rented at $1650. Unit #3 is a tire shop, currently rented for $1,280, and Unit #4 is an auto repair shop, rented for $1680. The property consists of two lots, one providing parking for tenants. Located in a convenient area of Paterson, the property is close to shopping, transportation to NYC, and major highways.

Key Highlights

• Mix‑use property with 4 residential units and 4 commercial shops provides diversified income streams.
• Residential units are in great condition, built around 1995, featuring modern/open layouts with separate utilities.
• Significant rental upside potential as residential rents are currently under market value (month‑to‑month at $1200 each).

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FAQs

What type of property is this?

Mixed-use property - Well-maintained 8-unit mixed-use property in a convenient Paterson location.

Where is this mixed-use property located?

The property is located at 384 River St Paterson, NJ.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Mix‑use property with 4 residential units and 4 commercial shops provides diversified income streams.; Residential units are in great condition, built around 1995, featuring modern/open layouts with separate utilities.; Significant rental upside potential as residential rents are currently under market value (month‑to‑month at $1200 each).