386 River St, Paterson City NJ 07524-2216

$1,348,000
Active
Paterson City

About this home

Annual income of approx. $138k/yr, Residential/Commercial, fully rented with great-paying tenants, very well-maintained, hassle-free property featuring a 2nd floor with 4-2 bedrooms, modern apartments built in 1990-1991 in great condition, with open layouts; (2 BEDROOMS, 1 mod-tiled bath and kitchen, LR/DR, Closets, casement windows, and more) fully rented with M2M leases. The ground floor consists of units 5 and 6 with approx. 4100 SQF combined for many possibilities (currently rented for $2,000 and $1650), and UNITS 7 and 8 on the Putnam St side currently rented for ($1,280 and $1,680), Parking lot, fenced-in, currently used by residential tenants for approx 6 cars, ALL SEPARATE utilities, including electric, heat, water, convenient location, (FULL BASEMENT, Great for storage/utility shop, etc), close to NYC bus, shopping, and major highways. a MUST SEE INVESTMENT Property.

Taxes & fees

Annual property tax
$29,342
Tax year
2025
Tax rate
5.335

Property details

Year Built
1930
Roof (*text)
Flat, Rubberized
Floors No
See Remarks
Lot Size Area
0.07
MLS #
4047135

Features & amenities

Year Built (*numeric)
1930
Basement
Yes
Roofing (*text)
Flat, Rubberized
Days on market
18
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
Garage spaces
6
Heating
4+ Units
Lot dimensions
40X74
Property Location

40.92865, -74.16234

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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