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Patric Santo Pietro

[email protected] +1(732) 570-5442

$ 860,000

Est. payment -/mo

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Active

40 Manchester Ave Paterson City, NJ 07502

10 Beds

4 Baths

2,700 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $318

MLS Listing ID 4041532

Style 3-Three Story

Bedrooms 10

Full Baths 4

Year Built 1940

Annual Tax Amount $18,149

Tax Year 2025

Lot Size 4,791 Sqft

Property Description

Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!

Location

State NJ

County Passaic

Rooms

Basement Finished, Full

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Marble Floors, Parquet Floors, Smoke Detector

Heating Gas-Natural

Cooling None, WindowAC

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features None

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Listed by PROMISE LAND REALTY

NEARBY SCHOOL & BUSINESS

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

40 Manchester Ave Paterson City, NJ 07502

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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40 Manchester Ave