386-390 River St - Auto Repair FOR SALE


Paterson, NJ 07524- Riverside
$1,350,000 USD
973-216-1945
386-390 River St, Paterson, NJ for Sale
$1,350,000 USD
Auto Repair - FOR SALE
1/17
null | 10.14% Cap Rate

386-390 River St
Paterson, NJ 07524
Riverside


HIGHLIGHTS

  • Newer 2nd floor apartments
  • Very well maintained with low upkeep
  • Dedicated parking lot for Res. tenants
  • Fully rented with upside potential

OVERVIEW

Approx, PRICE ADJ. by $100,000. Approx. $140K annual income, 8 units mix-use property consisting of 4 newer 2 bedrooms 2nd floor residential units in great condition, built approx. 1995 with modern/open layouts, LR, Kitchens, 2 spacious bedrooms and bath, all separate utilities and gas baseboard heat (RENTS are under Mkt Value, the ground floor consists of 4 shops (Unit#1 currently for rent at $2,000 a month consisting of approx 2000SQF formerly used as an upholstery shop with overhead 12' door), Unit#2: a Karate/Gym with office and 2nd floor room with restrooms rented at $1650, Unit#3: Tire-Shop currently $1,280, and Unit#4 Auto Repair $1680. Property is very well maintained and in good condition consisting of 2 lots (384-386 River St - Parking for tenants, and 386-390 River St ).This building is very well-maintained, in a convenient location of Paterson, close to shopping, NYC transp.and major highways.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

10.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CORNER OF PUTNAM ST AND RIVER ST

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Storefront Retail/Residential, Health Club, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

MU

APN/PARCEL ID

08-02902-0000-00002

ASK ABOUT THIS PROPERTY

Roberto SanchezUnited Real EstateMore Info
973-216-1945

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Roberto SanchezUnited Real EstateMore Info
973-216-1945

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.