93 Front St
Paterson City, NJ 07522
8 beds | #3928591
Description
Huge Price Drop! Cash Flow Alert! All units vacant! This fully renovated 3-family home, just steps from the iconic Great Falls, is a true income-generating powerhouse. With brand-new everything roof, high efficiency HVAC, luxury vinyl plank floors, kitchens/appliances, bathrooms, and paint this property is a turn-key investment ready to roll.The first-floor unit offers 1 bed, 1 bath, and an estimated rent of $1,500/month. The second-floor unit features 3 beds, 1 bath, and is anticipated to rent for $2,400/month. The third/fourth-floor duplex boasts 4 beds, 1 bath, commanding $2,700/month.Total Pro Forma Rent: $6,600/month!Live in one unit and let the others pay your mortgage, or rent all three and watch your cash flow soar! This is your chance to own a prime, renovated property that's built for profit. Don't wait this gem won't last long!Check out Rent Roll Proforma Photo. This is a great investor play for cash flow or for owner occupied to pay next to nothing on their mortgage
Property Details
- InteriorCarbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
- Heating3 Units, Baseboard - Electric, Baseboard - Hotwater
- Exterior FeaturesPartially Fenced, Patio, Sidewalk
- RoofAsphalt Shingle, Flat
- Utility FeaturesElectric, Gas-Natural
- Exterior MaterialsStucco, Vinyl Siding
- Parking FeaturesOn-Street Parking
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- WaterPublic Water
- Heating SourceGas-Natural
- MLS #3928591
- MLS #3928591
- Cost719999
- Year Built1950
- Water HeaterGas
- Property SubtypeMUL
- Bedrooms8
- Structure Type3
Location
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Listing Courtesy
Listing Agent: DAVID SIMONETTI (#303100), Phone: (973) 986-4730
Listing Office: ELITE REALTORS OF NEW JERSEY (#356901)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
