NJ
Passaic
Paterson City
07522
116 Belmont Ave
116 Belmont Ave, Paterson City, NJ 07522
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Listing Type
Multi Family
Listing Status
Active
15
$785,000

Home Details for 116 Belmont Ave

Price
$785,000
Type
Residential Income
Bedrooms
9
Total Bathrooms
4
Full Bathrooms
3
Half Bathrooms
1
Square feet
29997
Year built
1950
Lot size acres
0.1
County
Passaic
Total rooms
16
Basement
Full
Days on site
367
MLS Listing#
3969680
Property Description

This was a mixed-use property with a laundromat business operating on the first floor, but the previous owner removed all of the equipment. Gas, electric, water, security system, and drainage connections have been installed, with capacity for up to 20 washers and 20 dryers. A new central A/C and heating system has also been installed on the first floor.The building also features two recently renovated apartments on the second and third floors (see details in the unit information section). The driveway, siding, and roof are all brand new.You have to see this property in person to truly appreciate the many recent improvements.Due to the first-floor vacancy, the previous buyers were unable to secure financing. As a result, the seller is only accepting cash offers with proof of funds. Conventional financing may be considered with at least a 50% down payment and a pre-approval letter. Buyers should check with their lender before moving forward. "BETTER SAFE THAN SORRY" This property represents an outstanding investment opportunity with significant income potential.

Property Features
  • Heating Information
    • Electric
    • Natural Gas
    • Hot Water
    • Radiant
  • Cooling Information
    • Central Air
    • Window Unit(s)
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: PROMISE LAND REALTY - 973-253-7330
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. Information deemed reliable but not guaranteed. Copyright ©2026 Garden State Multiple Listing Service, L.L.C. All Rights Reserved.
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT SOLGAR REALTY
200 Diamond Bridge Ave, Hawthorne, NJ 07506
Office
973 282 8642
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