116 Belmont Ave, Paterson City, NJ 07522
116 Belmont Ave, Paterson City, NJ 07522
116 Belmont Ave, Paterson City, NJ 07522
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$780,000
Est. payment /mo
9 Beds
3.5 Baths
29,997 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 29,997 sqft

Price per Sqft $26

MLS Listing ID 3969680

Style 3-Three Story

Bedrooms 9

Full Baths 3

Half Baths 1

Year Built 1950

Annual Tax Amount $14,291

Tax Year 2024

Lot Size 4,356 Sqft

Property Description

THIS WAS A MIXED-USE PROPERTY WITH A LAUNDROMAT BUSINESS OPERATING ON THE FIRST FLOOR, BUT THE PRIOR OWNER REMOVED ALL THE EQUIPMENT. ALL GAS, ELECTRIC, WATER, SECURITY SYSTEM AND DRAINAGE CONNECTIONS WERE INSTALLED BACK WITH CAPACITY TO 20 WASHERS AND 20 DRYERS, NEW CENTRAL AC/HEAT INSTALLED ALSO ON THIS FLOOR. THE BUILDING ALSO FEATURES 2 NICELY RECENT RENOVATED APARTMENTS ON THE SECOND AND THIRD FLOORS. (SEE DETAILS IN UNIT INFORMATION SECTION). THE DRIVEWAY, SIDING, AND THE ROOF ARE COMPLETELY NEW. "YOU HAVE TO SEE FOR YOURSELF TO APPRECIATE SO MANY IMPROVEMENTS RECENTLY DONE". DUE TO FIRST FLOOR VACANCY STATUS THE PRIOR BUYERS WERE NOT ABLE TO SECURE A MORTGAGE. THEREFORE, THE SELLER IS ONLY ACCEPTING CASH WITH PROOF OF FUNDS OR CONVENTIONAL OFFERS "MIGHT DO IT WITH A LEAST 50%DOWN PAYMENT WITH A PREAPROVAL LETTER"PLEASE ASK YOUR LENDING COMPANY BEFORE MOVING FORWARD. "BETTER SAFE THAN SORRY""THIS REPRESENTS AN OUTSTANDING OPPORTUNITY FOR AN ATRACTIVE INVESTMENT WITH SIGNIFICANT GROWTH POTENTIAL."

Location

State NJ

County Passaic

Rooms

Basement Full

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Security System, See Remarks, Smoke Detector

Heating Electric, Gas-Natural

Cooling Central Air, Window A/C(s)

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick, Vinyl Siding

Parking Features None

Utilities Available Electric

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No


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Garden State MLS(GSMLS)
Listed by PROMISE LAND REALTY

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116 Belmont Ave