Property
Paterson City, NJ 07504 494-496 Park Ave
$575,000
2 more
Presented By: ELITE REAL ESTATE GROUP; 201-944-9000
Beds • 7
Baths • 4
SQFT • 2,256
Home Details
Calling all investors and first time homebuyers. This versatile 2 Family home is a fantastic investment opportunity in a great neighborhood. The property comprises 2 apartments the First Floor unit has 5 rooms with two bedrooms eat-in kitchen living room and a full bath. The 2nd unit is comprised of the 2nd and 3rd floors and has 3 large bedrooms one with large closet and private bathroom. Formal living room, dining room, kitchen, and bathroom. Third Floor has an additional 2 comfortable bedrooms, family room area and full bathroom. Ideally located just a short distance from train & bus stops, commuting is a breeze, and no car is necessary. Additionally, there are separate utilities. On-street parking is permitted and is easy to find. Whether looking for a prime rental income property or a convenient urban lifestyle, this home offers all of that and more.
Presented By: ELITE REAL ESTATE GROUP; 201-944-9000
Interior Features for 494-496 Park Ave
Bedrooms
Total Bedrooms7
Unit 1 Beds Total2
Unit 2 Beds Total5
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total3.0
Other Interior Features
Unit 1 Sq Ft869
Unit 2 Sq Ft1504
Unit 1 Levels1
Unit 2 Levels2
UnitType1TotalRent1100
UnitType2TotalRent3000
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
BasementBilco-Style Door, Full, Unfinished
Fuel TypeGas-Natural
Interior AmenitiesCarpeting, Tile Floors, Vinyl-Linoleum Floors
Other Rooms
Unit 2 Rooms8
Unit 1 Rooms5
Unit 1 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room
Unit 2 Room DescriptionAttic, Bedrooms, Dining Room, Eat-In Kitchen, Living Room
General for 494-496 Park Ave
Architectural Style3-Three Story
CoolingWindow A/C(s)
CountyPassaic
DirectionsMadison or Vreeland Ave to Park
DriveOn-Street Parking
EasementNo
Full Baths4
GarageOn-Street Parking
Gross Income
Heating2 Units, Baseboard - Hotwater, Radiators - Steam
Net Operating Income
Number Of Units Total2
Open Parking Spaces
Operating Expense
Possession30-60
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount8911
Tax Assessed Value174900
Tax Lot2
Tax Year2024
Total Rooms16
Town #2508
TownshipPaterson City
UtilitiesElectric, Gas-Natural
Water HeaterGas
Year Built1941
Exterior for 494-496 Park Ave
Building Area Total2256
Exterior AmenitiesDeck, Metal Fence, Patio, Sidewalk
Exterior DescriptionAluminum Siding, Vinyl Siding
Lot Dimensions33X90
Lot FeaturesLevel Lot
Lot Size Acres0.07
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner