Description
Investors' dream! This building, of 5 apartments, is fully occupied and located in the heart of Paterson, close to everything. Rents are under market value due to long-term tenants with no leases, and they are willing to negotiate with a new Landlord. The seller needs to stay for a couple of months after the closing, paying a reasonable rent, until he buys or rents a new place. The U&O agreement has to be negotiated before signing a Contract. DCA (Green card) actualized, no inspection due yet. To be sold strictly AS IS condition, with no known issues, the seller will not do any repairs, and if an inspection is requested, it will be ONLY for informational purposes. The huge double garage on the Butler St side belongs to the property. (Also listed as MUL in the ML #3964368)
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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9,999SQFT
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$80$/SQFT
School Ratings & Info
Description
Investors' dream! This building, of 5 apartments, is fully occupied and located in the heart of Paterson, close to everything. Rents are under market value due to long-term tenants with no leases, and they are willing to negotiate with a new Landlord. The seller needs to stay for a couple of months after the closing, paying a reasonable rent, until he buys or rents a new place. The U&O agreement has to be negotiated before signing a Contract. DCA (Green card) actualized, no inspection due yet. To be sold strictly AS IS condition, with no known issues, the seller will not do any repairs, and if an inspection is requested, it will be ONLY for informational purposes. The huge double garage on the Butler St side belongs to the property. (Also listed as MUL in the ML #3964368)
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Data last updated 2025-11-10T23:48:36.837.