Paterson NJ Three Family Home For Sale With Vacant Lot
Information provided by Pablo Lopez of Century 21 Elite Realty
Newly Listed: $279,000
Location: 394-396 Van Houten St Paterson NJ 07501
Description:
Well maintained Three family home with bonus 50'x100' lot next door, all triple net leases, separate utilities, gas and electric, three natural gas hot-water heaters good size bedrooms all apartments. Legal 3-family, First floor unit features two bedroom, bathroom, living eat-in kitchen, second floor unit two bedrooms, bathroom, eat-in kitchen, third floor unit one bedroom, eat-in kitchen, living room. Each unit has natural gas space heaters, front and rear egress for third floor apartment. Active DCA card, hardwired emergency light and fire warning system. Dry basement, yard, large front porch, separate electric meters for all apartments and common areas. Possible new construction next door lot subject to planing, zoning and city approvals lot zoned as R3. Closed to schools, shopping and buses.
Rent Roll:
Gross Operating Inccome $35,340, Expence: $12,340 NOI: $23,000
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