181-183 MONTGOMERY PL Paterson, NJ 07501

$619,000
181-183 MONTGOMERY PL, Paterson, NJ 07501
3478780

Commercial Property for sale in Paterson, NJ

for $619,000 with 8 full baths. This building was built in 1940 on a lot size of 50X100.

Property Information

  • $619,000
  • 8 Full Baths
  • Commercial
  • 0 Square Feet
  • Taxes are $11,232
  • Apartment Building
  • Active
  • Lot size of 50X100
  • Built in 1940
  • Paterson, NJ
  • Passaic County
  • MLS/Web ID is 3478780

Description

Legal 8 units , Last State inspection July 2017. Front of building has 4 one bedrooms, rear has 4 studios, all units are rented , 4 car garage . All separate utilities. Building in excellent condition Rents Unit 1 front $950, unit 2 front $840, unit 3 front $840, unit 4 front $900. Studio 1 rear $650, studio 2 rear $682, studio 3 rear $665, studio 4 rear $682, Total rents Extra income from 4 car garage that are presently rented; garage 1 $150, garage 2 $100, garage 3 $100 and garage 4 $75. Total income collected $79, 608.Expenses $21, 284 (Insurance $6, 580, water $1465, sewer $1, 524, taxes $11, 715)

Interior 6

Appliances

  • Smoke Detector

Basement

  • Basement
  • Unfinished

Cooling System

  • Multiple Units
  • Window Unit(s)

Heating System

  • 4+ Units

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 3

Driveway

  • Exclusive

Roof

  • Flat Roof

Siding

  • Vinyl

Miscellaneous 2

Commercial

  • Sale Includes Building & Land

Utilities

  • Underground Utilities

† Excluded Feature

Listed By

Broker: RE/MAX PROPERTIES SELECT

181-183 MONTGOMERY PL , Paterson, NJ, 07501 is a Commercial Property for sale at $619,000 with 0 sqft and a lot size of 50X100. 181-183 MONTGOMERY PL has 8.0 baths and was built in 1940. The property's zip code is 07501 which is in Paterson, NJ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Paterson $357,869 42 % below $299,450 52 % below
Commerical listings in Paterson $647,449 5 % above $589,450 5 % below

Get the facts about Paterson, NJ!

Population 146,970
Population Growth (since 2000) -2 %
Median Income $34,194
Median Age 33.81
Households w/ Children 39 %

Residential Dwellings

  • Owned 13478
  • Vacant 3384
  • Rented 31192

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