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Listed by Woo H. Choi Alpine MC Realty LLC
$ 1,359,000
Est. payment /mo
New
242-244 Main Paterson, NJ 07505
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25034363
Style Retail
Property Sub-Type Retail
Property Description
Solid 6 Story Mixed-use building, 1Retail, five apartments, located on Main St., the busiest street in Paterson. This building has great potential to increase income. The current rent is below the market value. Current income is $119,400. Each floor is $1800 Sqft. Huge size. You can make a 3-bed apartment on each floor. This building has true value. The potential income will exceed $200,000. Section 8 in Paterson for a 3-bed $2550. Retail ( Cell phone store), four(4) apartments are updated. Separated heating, the 6th floor is vacant. Full basement.
Location
State NJ
County Passaic
Interior
Heating Baseboard, Gas
