Paterson City, NJ 07522,119 W Broadway
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Paterson City, NJ 07522,119 W Broadway
Paterson City, NJ 07522,119 W Broadway
Paterson City, NJ 07522,119 W Broadway
Paterson City, NJ 07522,119 W Broadway
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Patric Santo Pietro

Patric Santo Pietro

Home Success Team at RE/MAX First Realty

+1(732) 570-5442
$ 725,000
Est. payment /mo
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119 W Broadway Paterson City, NJ 07522

1,742 Sqft Lot


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3964696

Annual Tax Amount $13,598

Tax Year 2024

Lot Size 1,742 Sqft

Property Sub-Type Mixed Use

Property Description

Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing market

Location

State NJ

County Passaic

Zoning Commercial

Rooms

Basement Bilco-Style Door, Unfinished

Interior

Heating Gas-Natural

Cooling No Cool

Flooring Tile, Vinyl-Linoleum, Wood

Equipment Kitchen Area

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas In Street

Roof Type Flat

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


Garden State MLS(GSMLS)
Listed by C-21 GEMINI, LLC.
agent

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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119 W Broadway