395-397 Madison Ave, Paterson, NJ 07524

Large 2 unit home with very easy access to all amenities, both units offer 3 bedrooms and 1 bath. Unit 1 is in average condition and unit 2 is in very good condition, shared driveway, brand new roof. The exterior needs an extensive amount of trim and carpentry work. There may be 2 abandoned oil tanks on site and the seller will not remove prior to closing. This property is part of the seller's First Look Initiative Program which means they will only entertain owner occupied offers through 12/14. They will entertain investor offers on 12/15 if still available. Due to the property condition and lender repairs the seller will only accept a renovation type mortgage or cash. Proof of funds or a renovation pre-approval letter is needed with the offer.