3-Fam Property | Paterson, NJ

Asking Price: $399,000

After Repair Value: $500,000

Repair Estimate: $45,000

Estimate Gross Profit: $75,000+

Legal Units: 3

Property Taxes: $8,400

Rent Roll  $4,100/mo  Proforma $5,000+/mo

 

About the City: Paterson, NJ 

Description: A hard to find, off market and below market 3-family.

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- 6 beds 3 baths plus parking for 2-3 cars.

- Total of approximately 2,097 sqft, plus a bonus unit.

- Fully occupied with section8 tenants.

- Monthly rent: $4,100.

- Separate Utilities

- Low Taxes.

- Closer to downtown and bus lines. 

- Great opportunity!

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Get it now before it goes on the market at 399k!