$499,000
Pending

274 Ellison St

Paterson City, NJ 07501
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Welcome to this very well kept two-family property with two SPACIOUS apartments in the heart of Paterson. Both units have MTM leases and are currently rented below market value. These units have great UPSIDE POTENTIAL due to their large amount of living space. The first floor unit has 4 perfectly sized bedrooms and it was recently updated in 2021. The second floor duplex apartment features 5 bedrooms and 2 bathrooms. One of the bathrooms in the 2nd fl apt along with the kitchen were recently updated in the last 4 years. The large unfinished basement also has great potential for a buyer who plans to use their imagination. Come make this your next investment property or your new home!

  • Property Details
      • Exterior MaterialsAluminum Siding
      • RoofAsphalt Shingle
      • Utility FeaturesAll Underground
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Heating SourceGas-Natural
      • Basement DescriptionUnfinished
      • Heating2 Units
      • MLS #3949328
      • MLS #3949328
      • Cost499000
      • Year Built1940
      • BasementYes
      • Property SubtypeMUL
      • Bedrooms9
      • Structure Type2

Location

Julio GallardoReal Estate Group
OR

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Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
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