NJ
Passaic
Paterson City
07502
40 Manchester Ave
40 Manchester Ave, Paterson City, NJ 07502
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Listing Type
Multi Family
Listing Status
Active
5
$860,000

Home Details for 40 Manchester Ave

Price
$860,000
Type
Residential Income
Bedrooms
10
Total Bathrooms
4
Full Bathrooms
4
Square feet
2700
Year built
1940
Lot size acres
0.11
County
Passaic
Total rooms
20
Basement
Finished, Full
MLS Listing#
4041532
Property Description

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 (subject to corresponding municipal approvals) 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. 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.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Basement
    • Finished
    • Full
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
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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EXIT SOLGAR REALTY
200 Diamond Bridge Ave, Hawthorne, NJ 07506
Office
973 282 8642
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