37-39 Mill Street Paterson, NJ 07501
Welcome to an exceptional investment opportunity in the heart of Paterson's thriving business district! This mixed-use property comprises two buildings at 37-39 and 41 Mill St, complemented by an additional lot at 7 Elm St. Currently, the property boasts a lucrative Day Care facility at 37-41 Mill St, generating a monthly rental income of $6000. The residential units include a spacious 3-bedroom, 1.5-bath apartment at $1360, two 2-bedroom units at 41 Mill St priced at $1110 and $1500, and a 2-bedroom unit on the third floor at $1050. All units feature separate utilities, with tenants responsible for water, heat, and electricity. The owner covers sewer payments, excluding the Day Care facility, which manages its own expenses. The sale includes the lot at 7 Elm St, utilized by the Day Care. Apartments are on a month-to-month basis, except for the Day Care, this property offers a stable income stream. According to the seller, the Day Care contributes to a portion of tax increases.
- Property TypeCommercial
- NeighborhoodN/A
- CountyPassaic
- Taxes$22,871
- HOA/Condo/Coop Fees$0
- Days on Site4 Days
- MLS StatusActive
- MLS ID Number24027475
- Home Size Source N/A
- Year BuiltN/A
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 37-39 Mill Street Paterson, NJ 07501
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5 days ago |
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General Features
- Style Other
- Basement undefined
- Property Sub Type Office
Interior Features
- Heating Gas
Exterior Features
- Waterfront Property No
- Waterfront Features None
Community Features
- MLS Area Paterson