242 Graham Ave, Paterson City NJ 07501-1624

$659,000
Active
Paterson City
Bedrooms
8

About this home

Exceptional opportunity to own a newer-construction two-family home built in 2021, offering 8 bedrooms and 4.5 bathrooms. The property has been well maintained and is in excellent condition, including the roof and overall exterior and interior of the home. Both units feature a modern layout, central heating and air conditioning, and separate utilities, providing convenience and efficiency for both occupants and investors. The second-floor unit is currently vacant, offering immediate occupancy or the opportunity to lease it at current market value. The first-floor unit is tenant-occupied on a month-to-month lease, providing immediate rental income and additional flexibility. For buyers who intend to occupy the property, the seller is willing to provide the current tenant with a Notice to Vacate once all contractual contingencies have been satisfied. Please note that the sale cannot be made contingent upon the property being delivered vacant. Whether you're looking for a primary residence with additional rental income or an investment property, this newer two-family home offers modern construction, strong income potential, and a versatile layout.

Taxes & fees

Annual property tax
$2,537
Tax year
2024
Tax rate
0.000

Property details

Year Built
2021
Roof (*text)
See Remarks
MLS #
4051935

Features & amenities

Year Built (*numeric)
2021
Basement
Yes
Roofing (*text)
See Remarks
Days on market
1
Basement (*text)
Yes
Cooling (*text)
Central Air
Heating
See Remarks
Lot dimensions
0
Property Location

40.92037, -74.15908

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
Contact the agent