107 Jersey St
Paterson City, NJ 07501
Price: $750,000
GSMLS: 3971220Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 6
Baths: 2 Full & 1 Half
Garage: No
Year Built: 1940
Acres: 0.02
Property Tax: $10,704
Description
Cash Cow Investment Opportunity - Prime Corner Lot! Welcome To Your Next Income-generating Powerhouse! This Mixed-use, Corner-lot Property Offers Three Separate Units And Bonus Billboard Rental Making It The Perfect Opportunity For Investors Or Owner-occupants Looking To Offset Their Mortgage With Rental Income. Offering Two Spacious Residential Units. Both Are 3 Bedroom Apartments With Separate Utilities, Providing Steady Rental Income Andattracting Long-term Tenants. The Ground-floor Unit Is Currently A Cafe Primarily Serving Light Meals And Beverages, Ensuring Immediate Cash Flow. Thishigh-visibility Location Guarantees Strong Business Potential. Recently Modernized, Reducing Maintenance Headaches And Maximizing Efficiency. Justoff Rt 80 With Rt 19 Crossing Right Over, Ensuring Easy Access. Only Minutes From St. Joseph's University Medical Center, A Hub For Persons Seeking Quality Rentals. Whether You're An Investor Or A Savvy Buyer, This High-traffic, High-demand Property Is Your Ticket To Financial Success. Don't Miss Out Schedule Your Showing Today!
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Unfinished
Interior:
Bar-Dry, Carbon Monoxide Detector, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
25X37
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Off-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
4
Room Description:
Kitchen, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Paterson City
Neighborhood:
n/a
Financial Considerations
List Price:
$750,000
Tax Amount:
$10,704
Land Assessment:
$57,400
Build. Assessment:
$152,700
Total Assessment:
$210,100
Tax Rate:
5.10
Tax Year:
2024
Listing Information
MLS ID:
3971220
List Date:
06-24-2025
Days On Market:
1
Listing Broker:
ADDISON REAL ESTATE
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MeadowsRoxbury.com
