Bought with Christopher Daliani EXP Realty, LLC
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Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type 2 Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23031489
Sold Date 02/14/24
Style 2 Family
Full Baths 2
Property Sub-Type 2 Family
Property Description
This 2-family Paterson property presents a promising investment opportunity for those with a keen eye for transformation. With a prime location offering convenient access to local amenities, schools, parks, and major transportation routes, this property is positioned for growth and profitability. The current layout allows for versatile rehab possibilities. With a near-gut renovation, the existing units can be redesigned into spacious 2 or 3-bedroom residences, appealing to a diverse rental market. While the property does require substantial restoration to return it to its original grandeur, the potential for increased rental income and property appreciation is substantial. Paterson boasts a strong rental market, ensuring a steady stream of potential tenants. This property caters to the visionary investor who can uncover its hidden charm and unlock its true potential. Contact us today to explore this potential gem and embark on a rewarding real estate investment journey.
Location
State NJ
County Passaic
Interior
Laundry None
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