59 Mercer St, Paterson City NJ 07524-2466

Property City
Paterson City
Property Media
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Property Price
$825,000
Bedrooms
9
Year Built
2024
Tax Annual Amount
$8407
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.05
MLS Status
Active
MLS #
4016225

Experience the pinnacle of modern investment with this rare, totally rebuilt 2024 three-family masterpiece. Each of the three expansive units has been meticulously designed for the sophisticated renter, featuring soaring high ceilings, a generous three-bedroom, two-full-bath layout, and the essential comfort of central air conditioning throughout. Every residence is a study in contemporary luxury, boasting premium finishes and the ultimate convenience of dedicated in-unit laundry, ensuring these apartments command top-tier market rents. For the savvy investor, this property offers an exceptional turnkey opportunity with excellent existing rental income and significant upside potential. The financial appeal is further enhanced by extremely low taxes, creating an incredible high-margin investment with minimal overhead. Its location is a commuter's dream, situated moments away from major NYC transportation hubs and primary highways, ensuring a consistent and high-quality tenant pool. Whether you are looking to occupy one unit and have your mortgage paid or add a pristine, low-maintenance asset to your portfolio, this 2024 build represents an unrivaled opportunity in today's competitive market.

Yearly Tax Rate
5.335
Year Built (*numeric)
2024
Basement
No
Roofing (*text)
Asphalt Shingle
Days On Market
2
Basement (*text)
No
Cooling (*text)
3 Units, Central Air
GarageSpaces
1
Heating
3 Units, Forced Hot Air
Lot Size Dimensions
25X94
Property Location

40.92685, -74.16047

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buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762