Paterson City, NJ 07501 107 Jersey St
$650,000
Pending
23 more
Presented By: ADDISON REAL ESTATE; 862-251-4915
- MLS# 3948947
- 03/04/2025
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
Beds • 6
Full/Half Baths • 2 / 1
Home Details
Cash Cow Investment Opportunity - Prime Corner Lot! Welcome to your next income-generating powerhouse! This mixed-use, corner-lotproperty offers three separate units, making it the perfect opportunity for investors or owner-occupants looking to offset their mortgage with rentalincome. Offering two spacious residential units. Both are 3 bedroom apartments with separate utilities, providing steady rental income and attractinglong-term tenants. The ground-floor unit is currently a cafe primarily serving light meals and beverages, ensuring immediate cash flow. This high-visibility location guarantees strong business potential. Recently modernized, reducing maintenance headaches and maximizing efficiency. Just offRoute 80 with Route 19 crossing right over, ensuring easy access. Only minutes from St. Joseph's University Medical Center, a hub for professionalsseeking quality rentals. Whether you're an investor or a savvy buyer, this high-traffic, high-demand property is your ticket to financial success. Don'tmiss out schedule your showing today! Ground level can only be commercial*
Presented By: ADDISON REAL ESTATE; 862-251-4915
Interior Features for 107 Jersey St
Bedrooms
Total Bedrooms6
Unit 1 Beds Total0
Unit 2 Beds Total3
Unit 3 Beds Total3
Bathrooms
Half Baths1
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent3000
UnitType2TotalRent1600
UnitType3TotalRent1600
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, See Remarks
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 3 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
BasementUnfinished
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms4
Unit 3 Rooms5
Unit 3 Room DescriptionBedrooms, Eat-In Kitchen, Living/Dining Room
Unit 1 Room DescriptionKitchen, See Remarks
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Living/Dining Room
General for 107 Jersey St
Architectural Style3-Three Story
CoolingWindow A/C(s)
CountyPassaic
DirectionsFollow I-80 W to NJ-19 N in Paterson. Take exit 57 B from I-80 W. Take exit 57 B toward Downtown/Paterson. Take Marshall St to Grand St.
DriveOff-Street Parking
EasementUnknown
Exterior FeaturesPartially Fenced, Sidewalk
Full Baths2
Gross Income
Heating3 Units
Interior FeaturesCarbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Net Operating Income
Number Of Units Total3
Open Parking Spaces
Operating Expense0
PossessionTBA
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount10704
Tax Assessed Value210100
Tax Lot20
Tax Year2024
Total Rooms12
Town #2508
TownshipPaterson City
UtilitiesGas-Natural
Year Built1940
Exterior for 107 Jersey St
Exterior DescriptionAluminum Siding
Lot Dimensions25X37
Lot FeaturesCorner
Lot Size Acres0.02
Water SourcePublic Water
Additional Details
Price History
