Amazing opportunity in the heart of downtown Paterson - 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage.
Sold for $800,000 on 04/09/25
$800,000
51 Mill St, Paterson, NJ 07501
--beds
--baths
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Mixed Use
Built in ----
-- sqft lot
$841,900 Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 09, 2025 at 11:40am
Listed by:
Roman Drukarov (973)454-3218,
Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston
Bought with:
Roman Drukarov
Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston
Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston
Source: NJMLS,MLS#: 24031244
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Estimated market value
$841,900