$240,000
●
Multifamily -
Off Market
114 Beech Street
Paterson, NJ 07501
5 Beds
2 Baths
$1,687
Estimated Monthly
$0
HOA / Fees
46.21%
Cap Rate
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$508
HOA Dues
-
Year Built
-
Last updated: 3 months ago (NJMLS #23031489)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 14, 2024 | Sold | $240,000 | |
Sold | |||
Feb 14, 2024 | Listed by EXP Realty, LLC | $235,000 | |
Listed by EXP Realty, LLC | |||
Nov 9, 2023 | In contract | - | |
In contract |
Property Highlights
Parking Details
None
Interior Details
Bedroom Information
Bedrooms: 5
Bathroom Information
Bathrooms: 2
Room Information
Total Rooms: 9
Fireplace Information
None
Basement Information
Unfinished.
Exterior Details
Property Information
View: None
Building Information
Year Built: 1900-1939
Financial Details
Tax: $6,096
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
4
Beds
2
Baths
-
$250,000
Dec 26, 2023
$250,000
Dec 26, 2023
$270/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|