2 months on rocket

93 Front St, Paterson City, NJ, 07522

$699,999

Home List Price

$8,312*

Closing Credit

8 Bedrooms
3 Full Baths
Multi

Location

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93 Front St, Paterson$699,999

Buyer Closing Credits

$8,312*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn-Street Parking
Year Built1950
HeatingBaseboard, Natural Gas
MLS #3928591
Lot Size0.07 Acres
StatusActive

About 93 Front St

Huge Price Drop! All units vacant! This fully renovated 3-family home, just steps from the iconic Great Falls, is a true income-generating powerhouse. With brand-new everything roof, high efficiency HVAC, luxury vinyl plank floors, kitchens/appliances, bathrooms, and paint this property is a turn-key investment ready to roll.The first-floor unit offers 1 bed, 1 bath, and an estimated rent of $1,500/month. The second-floor unit features 3 beds, 1 bath, and is anticipated to rent for $2,400/month. The third/fourth-floor duplex boasts 4 beds, 1 bath, commanding $2,700/month.Total Pro Forma Rent: $6,600/month!Live in one unit and let the others pay your mortgage, or rent all three and watch your cash flow soar! This is your chance to own a prime, renovated property that's built for profit. This is a great investor play for cash flow or for owner occupied to pay next to nothing on their mortgage

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story, Triplex
  • Year Built: 1950

Listing Office:

  • Office Name: ELITE REALTORS OF NEW JERSEY
  • Office Phone: (973) 986-4730

Interior Features

Interior Information:

  • Appliances: Microwave, Refrigerator
  • Basement: No
  • Interior: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Partially Fenced, Patio, Sidewalk

Parking Information:

  • Parking: On-Street Parking

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas

Other

Directions Information:

  • Directions: 93 front st in GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,999
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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

93 Front St vs Paterson

69 DAYS ON ROCKET

-16 Days

$699,999

+$237.6K More

KEY TAKEAWAY

This property is $237.6K more than the Median List Price in Paterson, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3928591

Listing Office:

  • Office Name: ELITE REALTORS OF NEW JERSEY
  • Office Phone: (973) 986-4730

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: 12/18/2024, 11:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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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-4507717
5
/10

  • School 5

  • 430 Totowa Ave

  • 0.34 miles

  • Public District Grades KG-5

school-card-donut-4507718
5
/10

  • School 19

  • 31 James St

  • 0.49 miles

  • Public District Grades KG-4

school-card-donut-4507719
3
/10

  • School 27

  • 250 Richmond Ave

  • 0.93 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,243. The most common annual income of people living in Paterson, NJ is less than $35k. Typical family type is married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Passaic County›Paterson›07522›93 Front St

This home is located at 93 Front St in Paterson City, NJ and zip code 07522 in the 2nd Ward neighborhood. This home, which was built in 1950, sits on a 0.07 acre lot. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $699,999.

The inventory of homes for sale in Paterson, NJ between October 2024 and November 2024 increased by 17.3%. Listings spent 85 days on the market in November 2024, and had a median list price of $462,300 during the same period.

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

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