61 Montgomery St
Paterson City, NJ 07501

Description

Fully occupied Bi-Level style 2-Family offering a 3-Bed/4-Bed unit mix. Separately metered utilities shift responsibility for electric, cooking gas, heat and hot water towards the tenants. Interior renovations to kitchens, baths, and vinyl wood flooring plus upgraded Goodman forced hot air heating system (Unit 2;2nd Floor only) represent property improvements all completed in Year 2018. Going-In Cap Rate @ 9.11%; 18.78% Cash-on-Cash. Property ideal for buy/hold investors seeking immediate performance cash flow.

Details

MLS#3523562
Sub-TypeResale
StatusActive
Year1900
Days On Site163

Features

SQ Feet999
Units2
Building(s)1

Additional Information

Annual Tax Amount5096
Assesed Tax Valuation117800
Tax ID4.326
Tax Rate2018
Tax Rate Year2018

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Area Information

StateNJ
CountyPassaic
CityPaterson City
Zip Code07501
AreaPassaic
Listing VS Median (in 07501)
Price:
$225,000
low | high
Med:
$278,900
26.044444444444% of Average
SqFt:
999
low | high
Med:
0
100% of Average
$ / SqFt:
$225
low | high
Med:
$0
100% of Average
On Site:
163
low | high
Med:
55
100% of Average
Listing Updated: 06/18/2019
MLS Number: 3523562
Listing Provided By:
WASHINGTON PAUL E.  of  COLDWELL BANKER REALTORS