4 Family, 2 car garage parking, separate utilties

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Real Estate

RUN, don’t walk!!!

Just Listed: 4 Family, 2 car garage parking, separate heat and hot water...

Heights: 39 Paterson St.

Corner property, just a block to NYC transportation & easy access to Congress Light Rail Station, is a gem that won’t last! Centrally located in a much-sought-after neighborhood experiencing a building boom, near restaurants, cafes, shopping, schools, 4 parks & easily accessible to NYC, Hoboken & Downtown Jersey City. Detached building with inviting curb appeal, fenced yard, active security system & pre-wired for cable. Extremely well-maintained turn-key income property NOT subject to rent-control, shows pride of ownership. Comes with 2-car garage PLUS additional driveway parking, separate utilities, high & dry full basement with coin-operated laundry. Each unit has renovated kitchen, hardwood floors & high ceilings. Finished area in basement used as the owner's office, comes with its own bathroom. Also a great candidate for new condo-conversion!

What I Love About This Home?

Location, how well it's been maintained, potential for condo-conversion and CAP rate (6%)

Income $66,540; 
Expenses $13,036; 
Yearly NOI $53,504.