$650,000
For Sale

107 Jersey Street

Paterson, NJ 07501
Browse 29 photos
Type:Purchase
Structure:2 Family
Zone:Residential

Description

Welcome to your prime corner lot, income-generating powerhouse! This mixed-use, corner-lot property offers three separate units, 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 and attracting long-term tenants. The ground-floor unit is currently a fully operational restaurant, ensuring immediate cash flow. This high-visibility location guarantees strong business potential. Recently modernized, reducing maintenance headaches and maximizing efficiency. Just off Route 80 with Route 19 crossing right over, ensuring easy access. Only minutes from St. Joseph's University Medical Center, a hub for professionals seeking quality rentals. Whether you're an investor or a savvy buyer, this high-traffic, high-demand property is your ticket to financial success. Ground level can only be commercial*

  • Property Details
      • Date ListedFebruary 10, 2025
      • Property TypePurchase
      • Original List Price$650,000
      • MLS #25004429
      • Property Subtype3 Family
      • MLS #25004429
      • Cost650000

Location

Susan Camus | Imagine PropertiesReal Estate Group

Interested in Purchasing 107 Jersey Street?

Get an estimate on monthly payments on this property.

$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$4,999.03
Loan Amount
$585,000.00