Spacious mixed-use investment opportunity located in the heart of vibrant downtown Paterson. This over 9,000 sq ft building features seven total units, including three 3-bedroom apartments, three 2-bedroom apartments, and a large street level storefront with excellent visibility and foot traffic.The property offers strong income potential, with projected rents of up to $20,000 per month. Ideal for investors seeking a high-yield asset in a growing commercial corridor, close to public transportation, shops, restaurants, and major highways.The storefront is currently vacant, presenting a prime opportunity for an owner-user to operate their own business while collecting rental income from the residential units, or for an investor to secure a substantial income producing property in a prime location.
Property Features
Heating Information
Natural Gas
Water Features
Public
Parking
On Street
Basement
Full
Listing Courtesy: ESSENTIAL REAL ESTATE - 973-860-7018