BEDS7
BATHS3 full
MLS#4024143
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Don't miss this well-maintained 7 bedroom, 3 bathroom multifamily investment opportunity generating $5,200/month in total rent with all tenants on month-to-month leases, giving you maximum flexibility whether you're an owner-occupant or pure investor. Ideally located just blocks from the train station, bus lines, schools, shopping, and dining. Updated in 2020, this property is perfectly positioned for an owner-occupant to live in part of the home while collecting rental income from the rest, or for an investor to keep it fully leased for strong cash flow from day one. The first floor features a comfortable living room, eat-in kitchen, 4 bedrooms, and a full bath, offering generous space and functionality. The second floor includes a living room, eat-in kitchen, 3 bedrooms, and a full bath. The finished basement adds valuable bonus living space, further enhancing the property's versatility and value. Practical layouts and thoughtful updates enhance everyday living throughout. Outside, the fully fenced backyard includes a patio ideal for outdoor dining and grilling. With flexible living spaces, a finished basement, $5,200/month in existing rental income, month-to-month tenancy flexibility, and a commuter-friendly location, this is an excellent opportunity to own a versatile multifamily property in a convenient neighborhood.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Fuel Type: Gas-Natural
Heating: Baseboard - Hotwater
Lot Size: 0.06 Acres
Roof Type: Asphalt Shingle
Taxes: $8,749
Year Built: 1960
Amenities
Patio
Feature Descriptions
Days on Site: 7
Driveway: On-Street Parking
Exterior: Aluminum Siding
Lot: Level Lot
Lot Dimensions: 0.06 acre(s)
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: HOWARD HANNA RAND REALTY
Agency Contact: 973-694-6500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 2,111.04 per month $1,221.84 Principal & Interest $729.08 Property Tax $160.13 Homeowner's InsuranceChange Payment Information
63 Pearl St | MLS# 4024143
This multi-family property located at 63 Pearl St, Paterson, NJ 07501 is currently listed for sale with an asking price of $549,000. Search Paterson real estate on www.realtymark.net today.