40 Manchester Ave, Paterson, NJ 07502

$860,000
  • 40 Manchester Ave, Paterson, NJ 07502 Main Photo

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New to the Market Active
BEDS10 BATHS4 full MLS#4041532
STATUS PROPERTY TYPEMulti Unit - Multiple

Property Description

Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!

40 Manchester Ave | MLS# 4041532

This multi-family property located at 40 Manchester Ave, Paterson, NJ 07502 is currently listed for sale with an asking price of $860,000. Search Paterson real estate on www.joinrealtymark.net today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Cooling: None, WindowAC
Fuel Type: Gas-Natural
Heating: 3 Units, Baseboard - Hotwater
Lot Size: 0.11 Acres
Roof Type: Asphalt Shingle
Taxes: $18,149
Year Built: 1940

Amenities

Carbon Monoxide Detector
Fire Extinguisher
Marble Floors
Parquet Floors
Smoke Detector

Feature Descriptions

Driveway: 1 Car Width, Blacktop
Exterior: Vinyl Siding
Lot: Level Lot
Lot Dimensions: 0.11 acre(s)
Parking Notes: None
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: PROMISE LAND REALTY
Agency Contact: 973-253-7330

Shown By

Agency Title: RealtyMark
Agency Phone: 888-260-0040

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Estimated Payment

$ 3,677.24 per month $1,913.99 Principal & Interest $1,512.42 Property Tax $250.83 Homeowner's Insurance

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