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Residential Income For Sale

955 Madison Ave Unit 3, Paterson City, Passaic 07501-3638

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Property Description

Excellent opportunity for owner-occupants or investors seeking to build equity. This spacious three-family property offers approximately 3,500+ square feet of living space and features Separate Utilities, Two 3-Bedroom units, One 1-bedroom unit, a Large Unfinished basement, and 1 Car detached garage. Improvements include Three New Gas Boilers, Three New Hot Water Heaters, Two Newer kitchens, and Mostly All Newer Windows. One unit is currently occupied while two units are vacant, providing flexibility for immediate occupancy, owner occupancy, or rental income potential. While the property may require some TLC and updating, it presents an excellent opportunity for cash buyers, contractors, investors, or purchasers utilizing renovation financing such as FHA 203(k), HomeStyle, or similar rehabilitation loan programs.Property is being sold strictly AS-IS. Seller will make no repairs nor provide any credits. Property includes a Shared Driveway providing access to the rear garage area. Buyers are encouraged to conduct their own due diligence regarding property condition, easements, permits, zoning, and municipal requirements.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4032600
Price:
$689,000
Year Built:
1915
Lot Area:
0.08 Acre
Status:
Active
Office Name:
BUILDINGS REALTY LLC
Full Bathrooms:
3
Roof:
Asphalt Shingle
Features
Heating System:
3 Units, Radiators - Steam
Cooling System:
Window A/C(s)
Basement:
Full, Unfinished
Architectural Style:
3-Three Story
Exterior Features:
Sidewalk, Thermal Windows/Doors, Metal Fence, Partially Fenced
Interior Features:
Smoke Detector, Fire Extinguisher, Wood Floors, Tile Floors, Vinyl-Linoleum Floors, See Remarks
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Passaic
County:
Passaic
City:
Paterson City
Zipcode:
07501-3638
Street:
Madison Ave
Street Number:
955
Longitude:
W75° 50' 34.9''
Latitude:
N40° 54' 29.6''
Directions:
21st Ave or Market St to Madison Ave
Unit Number:
3
Neighborhood
Elementary School:
NUMBER 11
Middle School:
NUMBER 24
Additional Information
Lot Size Dimensions:
37X100
Water Source:
Public Water
Number Of Units Total:
3
Lot Features:
Level Lot
Garage:
1
Building Size:
3506
Financial
Tax Annual Amount:
15604
Listing Information
List Agent Mls Id:
282917
List Office Mls Id:
3201
Mls Status:
Active
Modification Timestamp:
2026-06-19T16:55:25Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4032600
Lot Area:
0.08 Acre
$689,000
Agent info
Contact Agent

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