Address
50 Cianci St Paterson City, NJ
Price
$ 690,000
Property Attributes
  • ID#3682386
  • TypeCommercial
  • CountyPASSAIC
  • CityPaterson City
  • AreaPaterson City
  • Zip07501
  • StyleMixedUse
  • Year Built1939
  • Taxes$ 18305
  • Price$ 690,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms7
  • Sqr Footage5922
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
JMICHAELS REALTY , ORADELL
Data Source:
Garden State MLS (GSMLS) - 38 - NJ
Property Description

Mixed-use opportunity (4 apartments and 1 retail) in the heart of downtown Paterson. 8 bedrooms and 4 full baths total. Great for both an owner-occupant with a business on the ground floor or an investor looking for value add. Under market value rents grossing $48,882. Separate utilities yielding a 7% cap rate. 2 water heaters replaced in 2018, 1 replaced this year. 5-year-old furnaces. The roof replaced 5 years ago. All tenants are in good standing with month-to-month agreements. Please note there's a large clean basement with plenty of storage. Property is being sold as-is LQ LICENSE NOT INCLUDED

Price History
12/9/2020 Listed $690,000

General Features

Basement Bilco-Style Door, Finished, Storage
Construction Wood
Cooling Wall A/C Unit(s)
Drive On-Street Parking
Heating Baseboard - Hotwater
Num Apts 4
Property Type Mixed Use, Restaurant/Bar
Property Type MixedUse
Roof Flat
Sewer Public Sewer
Tax Annual Amount 18305
Total Units 5
Town # 2508
Township Paterson City
Utilities Gas In Street
Zoning MIXED

Interior Features

Fuel Type Gas-Natural
Num 2 Bdrm Units 4
Num Units W/full Bath 4

Exterior Features

Building Area Total 6730
Exterior Description Brick/Block
Lot Dimensions 25X100
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 07501

Price
AVG $650K
$690K
Taxes
AVG $15,309
$18,305
Visits
AVG 112
278
Year Built
AVG 1952
1939
Walkscore
AVG 83
99
Data Provided by Walkscore ® not using MLS data

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