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$925,000

Added 1 month ago

491 21 St Ave, Paterson, NJ

Real Estate

For Sale

Listed price in listed location currency (USD).
$925,000

Added 1 month ago

06-0
  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $21,404
Days Active 30
Approx. Age 1940
MLS® Number 3959587

Property Address: 491 21 St Ave, Paterson, New Jersey

Average square foot calculated using Size range provided by listing agent.

Omar

Omar Fernandez

eXp Realty Agent

Paterson, NJ

omar.fernandez@exprealty.com

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(973) 968-9497

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Description

Welcome to 491 21st Avenue, an outstanding income-producing property offering exceptional flexibility and growth potential. This unique opportunity features two separate buildings on one lot in a high-visibility, high-traffic location within the vibrant People's Park neighborhood.The front building includes a fully-leased retail storefront currently used as a dentist office at street level and two spacious residential apartments above, ideal for consistent, diversified rental income. The rear building offers two additional residential apartments, providing even greater earning potential. Property Highlights: 8.5% cap rate and Total of 5 rental units (1 commercial + 4 residential) Strong rental history with immediate income generation, Separate entrances for all residential units, Low-maintenance exterior with brick facade, Prime high-traffic location perfect for business exposure, Close proximity to public transportation, shopping, schools, and major highways. Zoned for residential and commercial use, offering investment flexibility. With minimal operating expenses and a "turn-key setup, this property is perfect for investors seeking stable cash flow or entrepreneurs looking to live and operate a business on-site. Nothing to do but collect rents!
MLS® Number3959587
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1940
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHeat Source: Gas-Natural, Heating Type: 4+ Units, Radiators - Hot Water, Radiators - Steam
A/CNo Cool
Heating Fuel

Extras

Building & Land, Building Only
491 21 St Ave, Paterson, NJ

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