$949,900
For Sale

597-599-599 River Street

Paterson, NJ 07524
Browse 3 photos
Type:Purchase
Structure:5+ Family
Zone:Residential

Description

Income-Producing Property with High Potential. This exceptional all-brick property is a prime investment opportunity, ideally located on a bustling commercial street in a rapidly developing area. The building features 2 spacious three-bedroom apartments and 2 versatile commercial units, offering a balanced mix of residential and commercial income streams. The apartments are in excellent condition, making them highly desirable for tenants, while the commercial units present endless possibilities for businesses looking to capitalize on the area's growth. With new construction projects underway all around, this property is perfectly positioned to benefit from the neighborhood's upward trajectory, offering significant potential for rental income upside. Additionally, the property boasts LOW TAXES, enhancing its profitability and making it an even more attractive investment. Whether you're an experienced investor or looking to diversify your portfolio, this property offers a rare combi

  • Property Details
      • Date ListedFebruary 07, 2025
      • Property SubtypeRes/Com Mixed
      • Property TypePurchase
      • Original List Price$949,900
      • MLS #25004212
      • MLS #25004212
      • Cost949900

Location

Susan Camus | Imagine PropertiesReal Estate Group

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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