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Residential Income For Sale

84-88 Jefferson St Unit 5, Paterson City, Passaic 07522-1750

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Property Description

xcellent investment opportunity with current 8% cap that can easily be brought up to 11%. There is a current property management company in place if you wish to continue with them. The property consists of 2 buildings: one with 2 two bedroom units, totally renovated 6 years with central air. The second building consists of 3 three bedroom units. 2 units renovated 6 years ago and the first floor 3 bedroom unit was totally renovated last year with central air added. There is a coin laundry for the residents and an extra parking lot for additional income. All long term tenants.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4030472
Price:
$999,999
Year Built:
1920
Lot Area:
0.11 Acre
Status:
Active
Office Name:
KELLER WILLIAMS CITY VIEWS REALTY
Full Bathrooms:
6
Roof:
Asphalt Shingle
Features
Heating System:
Forced Hot Air
Cooling System:
Central Air, Window A/C(s)
Basement:
Bilco-Style Door
Architectural Style:
See Remarks
Exterior Features:
Sidewalk, Metal Fence
Interior Features:
Smoke Detector, Fire Extinguisher, Fire Alarm Sys, Wood Floors
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Passaic
County:
Passaic
City:
Paterson City
Zipcode:
07522-1750
Street:
Jefferson St
Street Number:
84-88
Longitude:
W75° 49' 39.5''
Latitude:
N40° 55' 35''
Directions:
On the corner of Jefferson and 2nd St
Unit Number:
5
Additional Information
Lot Size Dimensions:
39X121
Water Source:
Public Water
Number Of Units Total:
4
Lot Features:
Irregular Lot, Corner
Financial
Tax Annual Amount:
21377
Listing Information
List Agent Mls Id:
300164
List Office Mls Id:
4984
Mls Status:
Active
Modification Timestamp:
2026-06-22T12:38:14Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4030472
Lot Area:
0.11 Acre
$999,999
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
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Phone: 201-891-8200
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