15 N 3Rd St, Paterson City NJ 07522-1320

$524,000
Active
Paterson City
Bedrooms
7

About this home

PRICE IMPROVEMENT - NOW $524,000! Exceptional opportunity for owner-occupants and investors alike. Completely renovated in 2022, this turn-key multi-family property features two spacious units plus a 3rd-floor ADU with 2 bedrooms, kitchen, and bath, offering outstanding income potential and flexible living arrangements. The 1st-floor unit is now vacant, and the 2nd-floor tenant will vacate at closing, providing immediate occupancy and rental flexibility. Unit 1 offers Spanish porcelain flooring, quartz countertops, 2 bedrooms, and a renovated bath. Unit 2 spans the 2nd and 3rd floors with Italian wood-look porcelain flooring, 5 bedrooms, 1.5 baths, and an updated kitchen with quartz counters. Major improvements include new hydronic boilers, updated electrical panels, hot water heaters, separate utilities, updated rear stairs, private backyard, and full basement for storage. Lead-Free Certification and UST Oil Tank Scan documentation available. Conveniently located near schools, shopping, restaurants, parks, and public transportation. Whether you're looking to live in one unit while generating income or add a strong cash-flowing asset to your portfolio, this property delivers exceptional value at its new price.1st Floor is currently Vacant and 2nd floor will vacate if requested.

Taxes & fees

Annual property tax
$11,519
Tax year
2024
Tax rate
5.095

Property details

Year Built
1900
Roof (*text)
Asphalt Shingle
Lot Size Area
0.06
MLS #
4031056

Features & amenities

Year Built (*numeric)
1900
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days on market
95
Basement (*text)
Yes
Cooling (*text)
None
Garage spaces
0
Heating
2 Units, Baseboard - Hotwater
Lot dimensions
25X100
Property Location

40.92487, -74.17703

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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