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Niraj Parikh

parikhrealty@gmail.com +1(848) 565-5006

$3,600,000

Est. payment - /mo

4,791 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4008031

Year Built 2022

Annual Tax Amount $4,590

Tax Year 2024

Lot Size 4,791 Sqft

Property Sub-Type Mixed Use

Property Description

Newly constructed, fully rented mixed-use investment opportunity offering immediate cash flow and long-term upside. This modern building features 12 residential units, including 3 one-bedroom/one-bath apartments and 9 two-bedroom/two-bath apartments, plus 1 ground-level retail space, all currently leased. Each residential unit offers separate heating and cooling systems along with in-unit washer/dryers. Private on-site parking adds strong tenant appeal and long-term value. In addition to the immediate cash flow, the property benefits from time remaining on a 20-year tax abatement. A well-maintained, fully stabilized investment property offering immediate income with the benefit of long-term tax advantages.

Location

State NJ

County Passaic

Zoning Redevelopment

Rooms

Basement Partial

Interior

Heating Gas-Natural

Cooling 4+ Units, Central Air

Equipment Appliances, Security System

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Flat, Rubberized

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Listed by HAVEN REALTY

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(848) 565-5006

parikhrealty@gmail.com

New Jersey, United States

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199 W Broadway Paterson City, NJ 07522