40 Manchester Ave, Paterson City NJ 07502-2102

$839,000
Active
Paterson City
Bedrooms
10

About this home

Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there. The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income, or to be used as a large storage area. The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer for 5 more years. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential! REDUCE FOR A FASTER SALE, TAKE ADVANTAGE AND MAKE IT YOUR NOW...!!!

Taxes & fees

Annual property tax
$18,149
Tax year
2025
Tax rate
5.335

Property details

Year Built
1940
Roof (*text)
Asphalt Shingle
Lot Size Area
0.11
MLS #
4041532

Features & amenities

Year Built (*numeric)
1940
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days on market
66
Basement (*text)
Yes
Cooling (*text)
None,WindowAC
Garage spaces
0
Heating
3 Units, Baseboard - Hotwater
Lot dimensions
50X100
Property Location

40.91865, -74.18692

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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