119 W Broadway Paterson, NJ 07522
Commercial-Other
MLS #: 3964696
Listed By CENTURY 21 Gemini LLC
105888592_0
Property InformationDescription
Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing market
Features
- Basement: Unfinished
- Cooling: No A/C
- Cross Docks: N
- Exterior Description: Vinyl Siding
- Flooring: Hardwood
- Flooring: Linoleum
- Flooring: Tile
- For Auction: N
- Garage Description: No Garage
- Heating - Fuel Type: Gas
- Heating Type: Baseboard
- Kitchen Features: Kitchen Facilities
- MLSID: 3964696
- Parking Places: 0
- Price Upon Request: N
- Sewer: Public
- Style: Other Style
- Sublease: N
- Tax Year: 2024
- Taxes: $13598.00
- Water: Municipal Water
