NJ > Paterson
Paterson, NJ 07514,399-401 28th ST
Paterson, NJ 07514,399-401 28th ST
Paterson, NJ 07514,399-401 28th ST
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Listed by Realty of America LLC
$1,400,000
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399-401 28th ST Paterson, NJ 07514

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Chris Fleming

Chris Fleming

+1(908) 283-0602

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Sun Jul 27, 12:00pm - 3:00pm

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25026131

Style Office

Property Sub-Type Office

Property Description

Incredible investment opportunity in Paterson! This fully occupied 6-family property features six spacious units, each offering 3 bedrooms and 2 bathrooms - ideal for steady rental income and tenant retention. Additionally, the fully finished basement includes two bonus units: a 2-bedroom/1-bath and a 3-bedroom/1-bath, adding valuable rental potential. Currently generating $13,250/month in rental income, with below-market rents and room for strategic updates, this property offers strong value-add upside. The building sits on a 50 x 100 lot and includes a private driveway with four dedicated parking spaces - a key amenity in this area. The structure is well maintained with updated mechanicals, offering peace of mind and reduced long-term maintenance costs. Annual taxes: $16,227.58. Buyers are encouraged to verify zoning with the city regarding the basement units, which could unlock even greater income. Prime location near transit, schools, and amenities.

Location

State NJ

County Passaic

Interior

Heating Baseboard, Central Air, Other Fuel Source/See Rmk

New Jersey MLS (NJMLS)

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agent

Chris Fleming

NJ - Sales Assoicate | License ID: 2298483

+1(908) 283-0602

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399-401 28th ST

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