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Listing Details

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School Ratings & Info

Description

Attention all investors or owner occupants great opportunity you do not want to pass up. Two unit commercial building located in downtown Paterson aggressively priced for a quick sale! The downstairs unit is currently leased as a bar paying 3300 per month. The upstairs unit is currently vacant but was previously a beauty salon and prior to that a dentist office. Going rent for upstairs unit is approx 2500-3000 per month. This building has a potential cap rate of over 10% which is very rare in the current market, perfect for an investor looking for a high ROI! Or purchaser can lease downstairs collect income and keep upstairs for themselves! Dont miss out on this opportunity!

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© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-09-21T10:46:58.823.
www.daunnorealty.com/homes/115146028
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21 W Broadway Paterson City, NJ 07505

  • Price: $449,900
  • Status: Active
  • Updated: 80 min ago
  • ID#: 3698103
0
Beds
0
Baths
0
½ Baths
0.06
Acres
6,000
SQFT
$75
$/SQFT
1920
Built
Neighborhood:
Downtown
County:
Passaic
Area:
Paterson City
Property Description
Attention all investors or owner occupants great opportunity you do not want to pass up. Two unit commercial building located in downtown Paterson aggressively priced for a quick sale! The downstairs unit is currently leased as a bar paying 3300 per month. The upstairs unit is currently vacant but was previously a beauty salon and prior to that a dentist office. Going rent for upstairs unit is approx 2500-3000 per month. This building has a potential cap rate of over 10% which is very rare in the current market, perfect for an investor looking for a high ROI! Or purchaser can lease downstairs collect income and keep upstairs for themselves! Dont miss out on this opportunity!
Exterior Features

Approximate Lot Size 27.62 X 103 Construction Brick/BlockFormed Concrete Exterior Description Brick/Block Location Business District Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description On-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Full Cooling 2 Units Equipment Available Fire AlarmRestrooms - PrivateRestrooms - PublicSee Remarks Floors CarpetingConcreteSee Remarks Heating 2 Units Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 4 Office Sq Ft 0

Property Features

Building Number 21 Expenses Include ElectricityInsuranceTaxes For Sale Or Lease For Sale Fuel Type Gas-Natural Permitted Use Business- Commercial Primary Property Type Offcretl Prior Use Commercial Property Type Free Standing OfficeOffice/Retail Sale Includes Building Only Sewer Public Sewer Suite Number 0 Tax Amount 16587 Tax Rate Amount 4.175 Tax Rate Year 2020 Tax Year 2020 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description ApproximateRenovated Zoning B4

Listing information © 2021 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Leopizzi Real Estate Agency.


© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-09-21T10:46:58.823.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066