Investors' dream! This building, of 5 apartments, is fully occupied and located in the heart of Paterson, close to everything. Rents are under market value due to long-term tenants with no leases, and they are willing to negotiate with a new owner. The seller needs to stay for a couple of months after the closing, paying a reasonable rent, until buying or renting a new place. The U&O agreement has to be accepted. DCA (Green card) actualized, no inspection due yet. To be sold strictly AS IS condition, with no known issues, the seller will not do any repairs, and if an inspection is requested, it will be ONLY for informational purposes. The huge double garage on the Butler St side belongs to the property.
Property Features
Heating Information
Electric
Natural Gas
Utilities
Cable Available
Natural Gas Available
Basement
Finished
Full
Water Features
Public
Listing Courtesy: PROMISE LAND REALTY - 973-253-7330