51 Mill St | Paterson City

$800,000 | 6 Baths (6 Half) | 0.0 Sq. Ft.

Amazing opportunity in the heart of downtown Paterson - 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage. GSMLS 3926285

Directions to property: Corner of Mill St & Elm St.

MLS Listing ID: 
GSMLS 3926285
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: 
3
Living Area: 
0.0
Basement: 
Unfinished
Construction
Construction Materials: 
Wood
Roof: 
Flat
Energy Information: 
Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
6
Total Half-Bathrooms: 
6
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard - Hotwater
Heating System Fuel: 
Gas-Natural
Cooling System: 
No Cool
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.04
Lot Size (Dimensions): 
25X68
Waterfront: 
0
Lot Features
Driveway: 
2 Car Width
Parking Type: 
2 Car Width
Total Parking Spaces: 
2
Public Record
Parcel Number: 
2508-04705-0000-00001-0000-
Lot Number: 
1
Annual Tax: 
$14,405.00
Property Zoning: 
Multi-Family
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
9/26/2024
Contract Details
Details about the listing contract.
Inclusions: 
Building Only
Possession: 
ASAP
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
BHHS FOX & ROACH