4
See all 4 photos
$860,000
Est. payment /mo
10 Beds
4 Baths
2,700 SqFt
New
40 Manchester Ave Paterson City, NJ 07502
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $318
MLS Listing ID 4041532
Style 3-Three Story
Bedrooms 10
Full Baths 4
Year Built 1940
Annual Tax Amount $18,149
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!
Location
State NJ
County Passaic
Rooms
Basement Finished, Full
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Marble Floors, Parquet Floors, Smoke Detector
Heating Gas-Natural
Cooling None, WindowAC
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features None
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by PROMISE LAND REALTY