18
See all 18 photos
$800,000
Est. payment /mo
1,742 Sqft Lot
Under Contract
51 Mill St Paterson City, NJ 07501
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UPDATED:
02/08/2025 11:42 AM
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 3926285
Year Built 1939
Annual Tax Amount $14,405
Tax Year 2023
Lot Size 1,742 Sqft
Property Description
Amazing opportunity in the heart of downtown Paterson - 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage.
Location
State NJ
County Passaic
Zoning Multi-Family
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling No Cool
Equipment Fixtures
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum
Garage Spaces 2.0
Utilities Available Gas-Natural
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by BHHS FOX & ROACH