63 Pearl St, Paterson, NJ 07501

$549,000
  • 63 Pearl St, Paterson, NJ 07501 Main Photo

16 Total Photos [Click to View All]

Active
BEDS7 BATHS3 full MLS#4024143
STATUS PROPERTY TYPEMulti Unit - Multiple

Property Description

Don't miss this well-maintained 7 bedroom, 3 bathroom multifamily investment opportunity generating $5,200/month in total rent with all tenants on month-to-month leases, giving you maximum flexibility whether you're an owner-occupant or pure investor. Ideally located just blocks from the train station, bus lines, schools, shopping, and dining. Updated in 2020, this property is perfectly positioned for an owner-occupant to live in part of the home while collecting rental income from the rest, or for an investor to keep it fully leased for strong cash flow from day one. The first floor features a comfortable living room, eat-in kitchen, 4 bedrooms, and a full bath, offering generous space and functionality. The second floor includes a living room, eat-in kitchen, 3 bedrooms, and a full bath. The finished basement adds valuable bonus living space, further enhancing the property's versatility and value. Practical layouts and thoughtful updates enhance everyday living throughout. Outside, the fully fenced backyard includes a patio ideal for outdoor dining and grilling. With flexible living spaces, a finished basement, $5,200/month in existing rental income, month-to-month tenancy flexibility, and a commuter-friendly location, this is an excellent opportunity to own a versatile multifamily property in a convenient neighborhood.

63 Pearl St | MLS# 4024143

This multi-family property located at 63 Pearl St, Paterson, NJ 07501 is currently listed for sale with an asking price of $549,000. Search Paterson real estate on mainlinemanny.realtymark.net today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Fuel Type: Gas-Natural
Heating: Baseboard - Hotwater
Lot Size: 0.06 Acres
Roof Type: Asphalt Shingle
Taxes: $8,749
Year Built: 1960

Amenities

Patio

Feature Descriptions

Days on Site: 7
Driveway: On-Street Parking
Exterior: Aluminum Siding
Lot: Level Lot
Lot Dimensions: 0.06 acre(s)
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: HOWARD HANNA RAND REALTY
Agency Contact: 973-694-6500

Shown By

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

IDX logo

Estimate Your Payment

Estimated Payment

$ 2,111.04 per month $1,221.84 Principal & Interest $729.08 Property Tax $160.13 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel