61 Montgomery St Paterson City, NJ 07501
Fully occupied Bi-level asset offering 3-Bed/4-Bed unit mix. Separate utilities shift responsibility for electric, cooking gas, heat and hot water towards the tenants.Upgraded Goodman Forced Hot Air heating system (Unit 2;2nd Floor) represents primary capital improvement completed in Year 2018. Investment property opportunity ideal for 1) Performance Investors seeking immediate cashflow for long-term hold; Going-In Cap Rate @ 7.82% and 2) Buy/Hold Principals w/ portfolio expansion requirements; Part of stabilized 11-Building multifamily portfolio; Refer to MLS 3463647, 3463933, 3463944, 3463950, 3463952, 3463957, 3463959, 3463960, 3463920 & 3463930.
Interior Features Include:
Carbon Monoxide Detector, Smoke Detector
Total Rooms 11
Heating: 2 Units, Forced Hot Air, Baseboard - Hotwater
Bilco-Style Door, Unfinished
Exterior Features Include:
Acreage: 0.0600 Acres
Roof: Asphalt Shingle
Other Features Include:
Subdivision: 4th Ward
Water: Public Water
Sewer: Public Sewer
Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.