First time in the market, this fabulous 8 units mix-use property consisting of 4-2 bedrooms 2nd floor residential units in great condition, built approx. 1995 with modern/open layouts, LR, Kitchens, 2 spacious bedrooms and bath, all separate utilities and gas baseboard heat (RENTS are under Mkt Value and currently M2M at $1200 EACH), the ground floor consists of 4 shops (Unit#1 currently for rent at $2,000 a month consisting of approx 2000SQF formerly used as an upholstery shop with overhead 12' door), Unit#2: a Karate/Gym with office and 2nd floor room with restrooms rented at $1650, Unit#3: Tire-Shop currently $1,280, and Unit#4 Auto Repair $1680. Property is very well maintained and in good condition consisting of 2 lots (384-386 River St - Parking for tenants, and 386-390 River St ).This building is very well-maintained, in a convenient location of Paterson, close to shopping, NYC transp and most area's highways.
384 River St, Paterson City NJ 07524-2216
Property City
Paterson City
Property Price
$1,500,000
Year Built
1930
Tax Annual Amount
$28022
TaxYear (*text)
2024
Roof (*text)
Flat, Rubberized
Floors No
Concrete, See Remarks, Tile, Wood
Lot Size Area
0.07
MLS Status
Active
MLS #
4008849
Yearly Tax Rate
5.095
Year Built (*numeric)
1930
Basement
Yes
Roofing (*text)
Flat, Rubberized
Days On Market
2
Basement (*text)
Yes
Cooling (*text)
Wall A/C Unit(s)
GarageSpaces
6
Heating
4+ Units
Lot Size Dimensions
40X74,40x72
Data import from
GSMLS