494-496 Park Ave
Paterson City, NJ 07504
Price: $575,000
GSMLS: 3975030Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 7
Baths: 4 Full
Garage: No
Year Built: 1941
Acres: 0.07
Property Tax: $8,911
Description
Calling All Investors And First Time Homebuyers. This Versatile 2 Family Home Is A Fantastic Investment Opportunity In A Great Neighborhood. The Property Comprises 2 Apartments The First Floor Unit Has 5 Rooms With Two Bedrooms Eat-in Kitchen Living Room And A Full Bath. The 2nd Unit Is Comprised Of The 2nd And 3rd Floors And Has 3 Large Bedrooms One With Large Closet And Private Bathroom. Formal Living Room, Dining Room, Kitchen, And Bathroom. Third Floor Has An Additional 2 Comfortable Bedrooms, Family Room Area And Full Bathroom. Ideally Located Just A Short Distance From Train & Bus Stops, Commuting Is A Breeze, And No Car Is Necessary. Additionally, There Are Separate Utilities. On-street Parking Is Permitted And Is Easy To Find. Whether Looking For A Prime Rental Income Property Or A Convenient Urban Lifestyle, This Home Offers All Of That And More.
General Info
Style:
3-Three Story
SqFt Building:
2,256
Total Rooms:
16
Basement:
Yes - Bilco-Style Door, Full, Unfinished
Interior:
Carpeting, Tile Floors, Vinyl-Linoleum Floors
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding, Vinyl Siding
Lot Size:
33X90
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
5
Bathrooms:
3
Total Rooms:
8
Room Description:
Attic, Bedrooms, Dining Room, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
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
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:
2 Units, Baseboard - Hotwater, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, 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:
$575,000
Tax Amount:
$8,911
Land Assessment:
$37,400
Build. Assessment:
$137,500
Total Assessment:
$174,900
Tax Rate:
5.10
Tax Year:
2024
Listing Information
MLS ID:
3975030
List Date:
07-13-2025
Days On Market:
1
Listing Broker:
ELITE REAL ESTATE GROUP
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
