5 months on rocket

100-104 3rd Ave Unit 4, Paterson City, NJ, 07514

$1,200,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
4 Full Baths
Multi

Location

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100-104 3rd Ave Unit 4, Paterson$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking2 Car Width, Blacktop, Driveway-Shared, Off-Street Parking, On-Street Parking, Built-In Garage, Garage Parking, On-Street Parking
Garage4 spaces
HeatingForced Air, Electric, Natural Gas
CoolingNone
BasementYes
MLS #3909266
Lot Size0.12 Acres
StatusActive

About 100-104 3rd Ave Unit 4

This property has a great rent roll to make any purchaser happy with its return on investment. The one-family home has a rent of $2,430.00, The rear apt is rented for $2,300, The restaurant rent is $2,100, and the rear apt behind the restaurant is $2,200.00. The listing is being sold as a 4-unit property with the address of 100,102,104 3rd Ave Paterson. The total taxes for the property is $19,620.00 for all the units. The 4 garages have a total rent of $2,175.00 per month. THE CAP RATE IS CLOSE TO 11%.

Property Details

Property Features

Property Information:

  • Architectural Style: 2-Two Story, See Remarks

Listing Office:

  • Office Name: COLDWELL BANKER SUSANI REALTY
  • Office Phone: (973) 790-6996

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Exterior: Curbs, Sidewalk, Storm Door(s), Storm Window(s)

Parking Information:

  • Garage Space: 4 spaces
  • Parking: 2 Car Width, Blacktop, Driveway-Shared, Off-Street Parking, On-Street Parking, Built-In Garage, Garage Parking, On-Street Parking

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Electric, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: Madison Ave to 3rd Ave between E22nd and E23rd St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
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Housing Market Comparison

See how this home compares to others in Paterson, NJ.

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Paterson, NJ

City

Med. List Price

$462.3K

Med. Price/SqFt

$245

Avg. Days On Market

85

# of Sold Homes

9

100-104 3rd Ave Unit 4 vs Paterson

179 DAYS ON ROCKET

+94 Days

$1,200,000

+$737.7K More

KEY TAKEAWAY

This property is $737.7K more than the Median List Price in Paterson, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3909266

Listing Office:

  • Office Name: COLDWELL BANKER SUSANI REALTY
  • Office Phone: (973) 790-6996

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4231411
7
/10

  • Westmoreland Elementary School

  • 16-50 Parmelee Ave

  • 0.64 miles

  • Public District Grades PK-5

school-card-donut-4231412
8
/10

  • Forrest Elementary School

  • 10-00 Hopper Ave

  • 0.80 miles

  • Public District Grades KG-5

school-card-donut-4231413
6
/10

  • School 1

  • 1 E 32nd St

  • 1.01 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,490. The majority of Paterson, NJ residents have income between $35k-100k annually. Most families are married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Passaic County›Paterson›07514›100-104 3rd Ave Unit 4

This home is located at 100-104 3rd Ave Unit 4 in Paterson City, NJ and zip code 07514 in the 3rd Ward neighborhood. This home sits on a 0.12 acre lot. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $1,200,000.

Between October 2024 and November 2024, Paterson, NJ real estate market has seen increase in the number of listings by 17.3%. In November 2024, listings were on the market for 85 days. During the same period, the median list price in this real estate market was $462,300.

From Rocket Homes Real Estate and based on county public records data.

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