59-63 Broadway | Paterson City

$1,395,000 | 3 Baths (3 Half) | 8,520 Sq. Ft.

Introducing a remarkable investment opportunity: a six-unit brick building located in a bustling area of Paterson Street. This well-maintained property features three commercial units on the first floor, two of which are currently leased to established businesses a popular Chinese restaurant and a delightful coffee shop ensuring consistent rental income. The Chinese restaurant benefits from access to a spacious basement, adding to its operational capabilities.On the second floor, you'll find three residential units, each thoughtfully designed with two rooms and a full bathroom, providing comfortable living spaces. The current tenants are all related to the seller, presenting a unique opportunity for potential buyers to consider a strategic rental plan moving forward.This mixed-use property is strictly sold as-is and represents a rare find in a high-traffic location. With strong existing tenants and the potential for added value, this building stands as a prime investment with great possibilities. Don't miss out on this chance to own a versatile property in a thriving neighborhood! GSMLS 3923116

Directions to property: Google Map, off Main St

MLS Listing ID: 
GSMLS 3923116
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
2
Living Area: 
8,520
Basement: 
Storage, Unfinished, Walkout
Construction
Construction Materials: 
Brick/Block
Roof: 
Flat
Exterior: 
Brick/Block
Energy Information: 
Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
3
Total Half-Bathrooms: 
3
Utilities
Information about utilities available on the property.
Heating System: 
See Remarks
Heating System Fuel: 
Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Lot Size (Dimensions): 
61X100 IRR.
Waterfront: 
0
Lot Features
Driveway: 
None, Off-Street Parking
Parking Type: 
None, Off-Street Parking
Total Parking Spaces: 
0
Public Record
Parcel Number: 
2508-03710-0000-00015-0000-
Lot Number: 
15
Annual Tax: 
$47,068.00
Property Zoning: 
B-4
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
9/10/2024
Contract Details
Details about the listing contract.
Inclusions: 
Building Only
Possession: 
Immediate
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXP REALTY, LLC