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93 Front St

Paterson City, NJ 07522
  • $699,999
  • STATUS: Active Under Contract
  • ON SITE: 103 Days
  • MLS #: 3928591
Under Contract
UPDATED: 8 min ago
$699,999
  • 8
    BEDS
  • 0.07
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Huge Price Drop! 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. This is a great investor play for cash flow or for owner occupied to pay next to nothing on their mortgage

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Garden State MLS logo © 2025 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 The Sue Adler Team - Keller Williams. 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 The Sue Adler Team - Keller Williams 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 2025-01-21T13:46:41.653.
www.latestnjlistings.com/homes/156555603
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93 Front St Paterson City, NJ 07522

  • Price: $699,999
  • Status: Active Under Contract
  • On Site: 103 Days
  • Updated: 8 min ago
  • MLS #: 3928591
8
Beds
3
Baths
0
½ Baths
0.07
Acres
1950
Built
County:
Passaic
Area:
Paterson City
Property Description
Huge Price Drop! 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. This is a great investor play for cash flow or for owner occupied to pay next to nothing on their mortgage
Exterior Features

Approximate Lot Size 30 X 100 Color Of Building White Exterior Description StuccoVinyl Siding Exterior Features Partially FencedPatioSidewalk Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt ShingleFlat

Interior Features

Basement No Cooling Window A/C(s) Heating 3 UnitsBaseboard - ElectricBaseboard - Hotwater Interior Features Carbon Monoxide DetectorFire ExtinguisherSmoke DetectorVinyl-Linoleum Floors Total Number Of Rooms 17 Unit1 Appliances Equipment Carbon Monoxide DetectorMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description DenKitchen Unit1 Rooms 4 Unit1 Security Deposit 0 Unit1 Sq Ft 600 Unit2 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 6 Unit2 Sq Ft 800 Unit3 Baths 1.0 Unit3 Bedrooms 4 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description BedroomsFamily RoomKitchenLiving Room Unit3 Rooms 8 Unit3 Sq Ft 1200

Property Features

Assessment Total 252400 Building Assessment 205600 Easement Unknown Expenses Include Cold WaterInsuranceTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 79200 Home Warranty No Land Assessment 46800 Net Operating Income 62855 Renovated Year 2024 Sewer Public Sewer Tax Amount 12375 Tax Rate Amount 4.903 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 16945 Unit Style 3-Three StoryTriplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit1 Rent 1500 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit2 Rent 2400 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit3 Rent 2700 Unit3 Security Deposit 0 Utilities ElectricGas-Natural Water Public Water Water Heater Gas Year Built Description ApproximateRenovated

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Elite Realtors Of New Jersey: 973-986-4730.


Garden State MLS logo © 2025 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 The Sue Adler Team - Keller Williams. 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 The Sue Adler Team - Keller Williams 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 2025-01-21T13:46:41.653.
 
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