163 Temple Paterson, NJ $ 595,000
163 Temple
$ 595,000
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163 Temple

Paterson, NJ, 07522
$ 595,000
Bedrooms4 Baths3.1

Monthly Estimate*

$ 3,955

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Multi-Family Home for sale in Paterson, NJ

for $595,000 with 4 bedrooms and 3 full baths, 1 half bath. This home was built in 1925.

This property offers a lucrative investment opportunity, featuring a combination of commercial and residential units in Paterson. The property boasts a rented store on the ground floor, providing immediate rental income, along with two spacious apartments. Ground Floor Store: Currently leased, this commercial space provides a stable rental stream. First Floor Apartment: This inviting apartment comprises three bedrooms and one bath, offering comfortable living spaces for residents. Second Floor Apartment: The upper-level apartment presents an expansive layout with four bedrooms and two baths. Newly Installed Roof and Siding.Income Potential: With a rented commercial unit and two residential apartments, this property offers multiple revenue streams, making it an attractive investment opportunity with promising returns. Whether you're seeking a lucrative investment or looking to establish a home with rental income, this mixed-use property presents a compelling opportunity in the thriving community of Paterson. Schedule a viewing and explore the potential of this exceptional property.

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Multi-Family Active

Price

$ 595,000

Bedrooms

4

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 10,286

Style

2-Two Story

Year Built

1925

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

3896957

Features
General
Interior Features Fire Alarm Sys Smoke Detector
Sewer Public Sewer
Heating 3 Units Baseboard - Hotwater
Cooling 3 Units Window A/C(s)
Utilities All Underground Electric Gas-Natural
Possession At closing
Roof Asphalt Shingle
Zoning R-3
Garage Spaces 0
Architectural Style 2-Two Story
Year Built 1925
Township Paterson City
Tax Year 2024
Gross Income 67200
County Passaic
Net Operating Income 43194
Operating Expense 24006
Total Rooms 12
Status Active
Directions North 7th to temple
Open Parking Spaces 0
Total Units 3
Street Name Temple
Tax Annual Amount 10286
Drive None
Days on Market 6
Standard Status Active
Tax Assessed Value 209800
Town # 2508
Tax Lot 5
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Interior
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 0
Unit 3 Baths Total 2.0
Unit 3 Beds Total 4
Fuel Type Gas-Natural
Full Baths 3
Half Baths 1
Total Bedrooms 4
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Exterior
Lot Features Corner
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 26x75
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* Excluded Features
List By
JULIANA GIBBS

Listing Agent

Re/Max Select

Broker

gibbssellnj@gmail.com

Email

Affordability Calculator

$4,812
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,955
Monthly Property Taxes
$857
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/18/2024$595,000 Listed Price

Map


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163 Temple, Paterson, NJ, 07522 is a Multi-Family Home for sale at $595,000. 163 Temple has 4 bedrooms, 3.1 baths, and was built in 1925. The property's zip code is 07522 which is in Paterson, NJ