Cheap Homes for Sale in Paterson NJ

124 Lafayette St, Paterson, NJ 07524
Price: $119,000
MLS number: 2968137
Bedrooms: 4
Bathrooms: 3
Style: Multifamily

Call our office 973-244-7980 Xt 215 Pablo Lopez for availability and Price changes or schedule a showing you can also Email Me.

Income Potential Multifamily home NOT A SHORT SALE

Great opportunity for investors or firs-time home buyers, this multifamily can become your next income producing property. Two two bedroom apartments, walkout basement, fenced yard, separate utilities. Closed to downtown Paterson NJ, shopping, work, schools, transportation, houses of worship. First floor apartment was recently painted and ready to produce rental income. Second floor apartment needs some upgrades and minor repairs. Both apartments feature living room, eat-in kitchen and two bedrooms on each floor. Neighborhood median rental price for 2-bedroom apartment range from $800-$1000 per month. Real estate taxes were appealed and reduced to $5,000 per year possible good ROI.

First floor Apartment is Ready to make money:

Second floor aparment

Click here to view additional information of this Riverside Multifamily Home in Paterson NJ

Riverside Neighborhood

The neighborhood is comprised of different style and size homes, located on the west north part of Paterson south of Bunker hill. Neighborhood offers a high rental potential for it's location and easy access to major transportation, schools, shopping and downtown Paterson NJ.

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Pablo Lopez, ABR®, SRES®, SFR®, REOS, REALOTR-Associate®
Century 21 Elite Realty
337 Changebridge Rd
Pine Brook, NJ 07058
Office: 973-244-7980 Xt 215
Direct: 862-210-9299
Web: http://www.pablolopez.us
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