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380 Buffalo

Paterson City, NJ 07503
  • $799,999
  • STATUS: Active Under Contract
  • ON SITE: 84 Days
  • MLS #: 3876429
Under Contract
UPDATED: 52 min ago
$799,999
  • 10
    BEDS
  • 0.17
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1993
County:

School Ratings & Info

Description

Very Rare Multi-Family Investment Opportunity in Lakeview section of Paterson. Featuring residential units plus an expansive garage/office space in rear. This real estate gem is a beacon for high returns and stable cash flow. Expense sheet uploaded in docs. Maximize your returns with market rents significantly higher than current, suggesting room for income growth. This property stands out as a premier choice for both seasoned and emerging investors. Unit Features & Amenities: Spacious interiors, modern comforts, and a prime location make these units highly attractive for prospective tenants. The office space within the garage adds a commercial angle, perfect for businesses or additional rental income currently rented for $1250. This will not last!

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-22T14:46:49.123.
www.trompeterrealestate.com/homes/145592262
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380 Buffalo Paterson City, NJ 07503

  • Price: $799,999
  • Status: Active Under Contract
  • On Site: 84 Days
  • Updated: 52 min ago
  • MLS #: 3876429
10
Beds
4
Baths
0
½ Baths
0.17
Acres
1993
Built
County:
Passaic
Area:
Paterson City
Property Description
Very Rare Multi-Family Investment Opportunity in Lakeview section of Paterson. Featuring residential units plus an expansive garage/office space in rear. This real estate gem is a beacon for high returns and stable cash flow. Expense sheet uploaded in docs. Maximize your returns with market rents significantly higher than current, suggesting room for income growth. This property stands out as a premier choice for both seasoned and emerging investors. Unit Features & Amenities: Spacious interiors, modern comforts, and a prime location make these units highly attractive for prospective tenants. The office space within the garage adds a commercial angle, perfect for businesses or additional rental income currently rented for $1250. This will not last!
Exterior Features

Approximate Lot Size 50X150 Exterior Description Aluminum SidingStuccoVinyl Siding Garage Description AssignedDetached GarageGarage ParkingOn-Street ParkingOversize Garage Number Of Parking Spaces 8 Parking Driveway Description 2 Car WidthConcreteConcrete StripDriveway-SharedOn-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished Cooling NoneWallUnit Heating 2 Units Total Number Of Rooms 20 Unit1 Appliances Equipment Carbon Monoxide DetectorDishwasherMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDenDining RoomEat-In KitchenKitchenLiving/Dining Room Unit1 Rooms 6 Unit1 Security Deposit 1500 Unit1 Sq Ft 1500 Unit2 Appliances Equipment Carbon Monoxide DetectorDishwasherMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsDenDining RoomEat-In KitchenKitchenLiving/Dining Room Unit2 Rooms 6 Unit2 Sq Ft 1500 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description AtticBedroomsLiving Room Unit3 Rooms 4 Unit3 Sq Ft 1000

Property Features

Assessment Total 363200 Building Assessment 267700 Easement No Expenses Include See Remarks Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 77400 Home Warranty Yes Land Assessment 95500 Net Operating Income 45560 Renovated Year 2022 Sewer Public Sewer Tax Amount 16859 Tax Rate Amount 4.642 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 31840 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 1900 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1900 Unit2 Security Deposit 1500 Unit3 Handicap Modified No Unit3 Rent 1100 Unit4 Handicap Modified No Utilities Gas-Natural Water Public Water Water Heater Gas Year Built Description ApproximateRenovated

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams Village Square: 201-445-4300.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-22T14:46:49.123.
 
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