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68 N 7Th St

Paterson City, NJ 07522
  • $399,900
  • STATUS: Active Under Contract
  • ON SITE: 75 Days
  • MLS #: 3776456
Under Contract
UPDATED: 50 min ago
$399,900
  • 8
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

This multiple family property consists of two 3 bedroom units on the first and 2nd floor w/ kitchens and living rooms and a bonus 3rd floor attic 2 bedroom unit. All floors have been recently renovated and property comes with a strong rent roll. Each unit has separate utilities with gas baseboard heat on the first floor and electric baseboard on the 2nd and 3rd floor. Property also has nice private backyard. Both tenants are on month to month leases and the property is being sold as is. This property has the potential to have a very strong cap rate, come take a look you will be impressed. Being sold as-is, owner is not aware of any issues.

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Garden State MLS logo © 2022 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 Debbie Woerner Team Coldwell Banker. 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 Debbie Woerner Team Coldwell Banker 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 2022-07-05T20:46:54.9.
www.debbiewoerner.com/homes/127869054
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68 N 7Th St Paterson City, NJ 07522

  • Price: $399,900
  • Status: Active Under Contract
  • On Site: 75 Days
  • Updated: 50 min ago
  • MLS #: 3776456
8
Beds
3
Baths
0
½ Baths
0.06
Acres
County:
Passaic
Area:
Paterson City
Property Description
This multiple family property consists of two 3 bedroom units on the first and 2nd floor w/ kitchens and living rooms and a bonus 3rd floor attic 2 bedroom unit. All floors have been recently renovated and property comes with a strong rent roll. Each unit has separate utilities with gas baseboard heat on the first floor and electric baseboard on the 2nd and 3rd floor. Property also has nice private backyard. Both tenants are on month to month leases and the property is being sold as is. This property has the potential to have a very strong cap rate, come take a look you will be impressed. Being sold as-is, owner is not aware of any issues.
Exterior Features

Approximate Lot Size 25X100 Exterior Description Vinyl Siding Exterior Features Sidewalk Lot Description Level Lot Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(S) Heating 3 UnitsBaseboard - ElectricBaseboard - Hotwater Interior Features Carbon Monoxide DetectorSmoke Detector Total Number Of Rooms 14 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 5 Unit1 Security Deposit 2100 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Rooms 4

Property Features

Assessment Total 195700 Building Assessment 163800 Easement Unknown Expenses Include Cold WaterSee RemarksTaxes Fha Age Restricted No Fuel Type ElectricGas-Natural Gross Operating Income 48420 Land Assessment 31900 Net Operating Income 34388 Services Cable Tv Available Sewer Public Sewer Tax Amount 8759 Tax Rate Amount 4.476 Tax Rate Year 2021 Tax Year 2022 Total Operating Expense 13932 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1435 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1400 Unit2 Security Deposit 2100 Utilities ElectricGas In Street Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Leopizzi Real Estate Agency.


Garden State MLS logo © 2022 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 Debbie Woerner Team Coldwell Banker. 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 Debbie Woerner Team Coldwell Banker 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 2022-07-05T20:46:54.9.
 
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The Debbie Woerner Team Coldwell Banker
135 Main Street
Chatham NJ, 07928