Priced to SELL ! ! ! 6 units total. Four 3 bdrm units. 2 store front, One of the store fronts has been approved for residential conversion. Sale includes plans and zoning approvals from the City of Paterson. Potential for a 5 residential units and 1 commercial unit. All units have separate utilities and are in great condition, taxes have been appealed and are only $8700. Rent roll is approx $5800 per month. Not a short sale and can close quick. Building also comes with a Clear Green Card from the State of NJ. Wont last at this price ! ! ! ! ! ALMOST 14% CAP RATE ! ! ! !
Sold for $990,000 on 04/06/23
$990,000
66-68 Wayne Ave, Paterson, NJ 07522
9beds
6baths
7,649sqft
MultiFamily
Built in 1940
-- sqft lot
$1,096,000 Zestimate®
$129/sqft
$2,446 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
Interior area
- Total interior livable area: 7,649 sqft
Property
Parking
- Parking features: On-street
Lot
- Size: 5,000 sqft
Details
- Parcel number: 0801405000000036
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1940
Community & neighborhood
Location
- Region: Paterson
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Estimated market value
$1,096,000