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21 W Broadway
Paterson City NJ 07505-1014 US

$474,999

Active Listing ID 3698103
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6,000 sqft
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Built in 1920
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Lot: 0.06 acre
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Other

$474,999

Active Listing ID 3698103
Save

21 W Broadway Attention all investors or owner occupants great opportunity you do not want to pass up. Two unit commercial building located in downtown Paterson aggressively priced for a quick sale! The downstairs unit is currently leased as a bar paying 3300 per month. The upstairs unit is currently vacant but was previously a beauty salon and prior to that a dentist office. Going rent for upstairs unit is approx 2500-3000 per month. This building has a potential cap rate of over 10% which is very rare in the current market, perfect for an investor looking for a high ROI! Or purchaser can lease downstairs collect income and keep upstairs for themselves! Dont miss out on this opportunity!

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Property Features

  • Facts
  • Built in: 1920
  • Lot Size: 0.06 acre
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Block, Brick
  • Floor Covering: Carpet, Concrete
  • Roof Type: Unknown
  • Additional Features
  • Basement
Listing Changed: 3/22/2021 5:28:55 PM GMT
Source Updated Date: 4/9/2021 5:47:04 PM GMT

Courtesy of: CHRISTOPHER LEOPIZZI, LEOPIZZI REAL ESTATE AGENCY

Listing Source - ListHub

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