Property

Paterson City, NJ 07514 557-565 E 23rd St

Pending
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Presented By: EXP REALTY, LLC; 732-322-9335
  • MLS# 3944887
  • 02/06/2025
  • Request Tour
  • Request Info

Home Details

Discover a unique 8-unit garden-style multifamily property that stands apart from the rest! Situated on the border of the Wrigley Park and East Side neighborhoods, this well-maintained asset offers tremendous curb appeal, a very attractive option for local renters. With minimal deferred maintenance, investors can cash flow from day one, while still unlocking additional value through strategic management and improvements. Boasting a thoughtful unit mix, each apartment is spacious and well laid out, catering to tenant comfort and long-term occupancy. Whether you're an investor looking for a stable income-producing property or seeking an opportunity to enhance returns throughout repositioning, this property delivers both reliability and upside for its next owner.
Presented By: EXP REALTY, LLC; 732-322-9335

Interior Features for 557-565 E 23rd St

Bathrooms

Half Baths

Other Interior Features

Price Per Sq Ft0.00
Available Sq Ft0
Fuel TypeElectric, Gas-Natural
Total Stories

General for 557-565 E 23rd St

ConstructionSee Remarks
CoolingCentral Air, Multi-Zone Cooling
CountyPassaic
DirectionsTurn to 23rd St
Documents AvailableNo Documents Available
DriveSee Remarks
EasementUnknown
Equipment AvailableSee Remarks
Gross Income123660
HeatingForced Hot Air
Leasable Area
LocationSee Remarks
Net Operating Income72842
Number Of Units Total8
Operating Expense50818
OwnerPaysSewer, Water
OwnershipFee Simple
PossessionAt Closing
Property TypeSee Remarks
Property TypeSee Remarks
RoofSee Remarks
ServicesCable TV Available
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount33662
Tax Assessed Value660700
Tax Lot30
Tax Year2024
Tenant PaysElectric, Heat, Hot Water
Town #2508
TownshipPaterson City
UtilitiesElectric, Gas In Street
Utilities Paid ByTenant
Year Built2003
Zoning0

Exterior for 557-565 E 23rd St

Building Area Total
Exterior DescriptionSee Remarks
Lot Dimensions136X100
Lot Size Acres0.31
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

Tina Torres

Broker/Owner
Price $1,350,000
MLS#3944887
List Date 02/06/2025
Property Type Pending
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