Bought with Roman Drukarov Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston
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51 Mill ST Paterson, NJ 07501
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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type 5+Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24031244
Sold Date 04/09/25
Style 5+Family
Property Sub-Type 5+Family
Property Description
Amazing opportunity in the heart of downtown Paterson - 8-bedrooms and 6-full baths. (1x) 3-bedroom, (4x) 1-bedrooms & 1 studio apartment with off street parking. A true value add investment opportunity. Under market value rents grossing $92,454 with separate utilities yielding a 8.14% cap rate. All tenants are in good standing with leases in place. There is also a large basement with plenty of storage.
Location
State NJ
County Passaic
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