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!
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
Estimate Your Payment
Estimated Payment
$ 3,677.24 per month $1,913.99 Principal & Interest $1,512.42 Property Tax $250.83 Homeowner's InsuranceChange Payment Information
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.realtymark.net today.