The property has a great rent roll for any investor. The CAPE RATE is above 8-9%. The one-family house rented for $2,685. The rear apt is rented for $2,400.00, and the restaurant rent is $2,200.00; the Garage rent is $825.00. Studio apt rent is $1,100.00. The other rear unit is $2,100.00. The listing is being sold as a 4-unit property with the restaurant and garages with the addresses of 100, 102, and 104 3 Ave, Paterson. The total monthly rent is $11,310.00, with the tenants paying their heat and AC expenses. So the property has one fam, store/restaurant, rear apt 2nd fl, garage storage, Studio apt, Rear apt. The yard has room to park up to 4-5 cars. The total annual rent is $135,720.00; the total taxes for the property are $33,854.00
Property Features
Heating Information
Baseboard
Natural Gas
Parking
Off Street
On Street
Basement
Partial
Unfinished
Water Features
Public
Utilities
Underground Utilities
School Information
School Information for 100-104 3Rd Ave 6, Paterson City, NJ 07514