523 Park Ave, Paterson, NJ 07504

$799,000
  • 523 Park Ave, Paterson, NJ 07504 Main Photo

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Active
BEDS10 BATHS3 full MLS#4036074
STATUS PROPERTY TYPEMulti Unit - Multiple

Property Description

Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.

523 Park Ave | MLS# 4036074

This multi-family property located at 523 Park Ave, Paterson, NJ 07504 is currently listed for sale with an asking price of $799,000. Search Paterson real estate on mainlinemanny.realtymark.net today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Fuel Type: Electric, Gas-Natural
Heating: 2 Units
Lot Size: 0.04 Acres
Roof Type: Composition Shingle
Taxes: $4,972
Year Built: 1940

Amenities

Smoke Detector
Sidewalk

Feature Descriptions

Days on Site: 24
Driveway: On-Street Parking
Exterior: Aluminum Siding
Lot: Corner, Level Lot
Lot Dimensions: 0.04 acre(s)
Parking Notes: On-Street Parking
Sewer: Public Sewer
Utilities: All Underground, Gas In Street
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: REALTY EMPIRE, LLC
Agency Contact: 973-510-2260

Shown By

Agent Name: Manuel Ishkhanian
Agent Phone: (484) 832-2122
Agency Title: RealtyMark

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Estimated Payment

$ 2,425.60 per month $1,778.23 Principal & Interest $414.33 Property Tax $233.04 Homeowner's Insurance

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