93 Front Street

Paterson, NJ 07522

$699,999
Price
8
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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....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
  1. Listed by DAVID SIMONETTI • ELITE REALTORS OF NEW JERSEY

Property Details for 93 Front Street

Directions
93 front st in GPS
Days On Market
68
LISTING UPDATED: 12/16/2024 11:57 AM

Property Details for 93 Front Street

StatusActive
MLS #3928591
Days on Market69
Taxes$12,375 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1950
Lot Size0.07 AC / 3,049 SF
CountyPassaic County

Building Information for 93 Front Street

Stories-Residences3Year Built1950Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 93 Front Street

Summary
Location and General Information
  • Active Days on Market: 68
  • Renovated Year: 2024
  • County #: Passaic
  • Town Name: Paterson City
  • Block Identifier: 1413
  • Listing Type: Exclusive Right to Sell
  • Color of Building: White
  • Town #: 2508.0
  • Street # Display: 93.0
  • # Parking Spaces: 0
  • County Or Parish: Passaic
  • Street Name: Front St
  • Zip Code: 07522-1489
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $12,375
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 252400.0
  • Tax ID For Property: 2508-01413-0000-00014-0000-
  • Tax Rate Amount: $5
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
Property
Lot Information
  • Lot Identifier: 14
  • Approximate Lot Size: 30 X 100
  • Total Acres: 0.07
  • Construction Date/Year Built: 1950
  • Construction Date/Year Built Des: Approximate, Renovated
Property and Assessments
  • Assessment Bldg: 205600.0
  • Assessment Land: 46800.0
  • Farm Assessment: No
Utilities
  • Cooling: Window A/C(s)
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 3 Units, Baseboard - Electric, Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Stucco, Vinyl Siding
  • Exterior Features: Partially Fenced, Patio, Sidewalk
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
  • Roof Description: Asphalt Shingle, Flat
  • Basement: No
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 1 Rent: 1500.0
  • Unit 1 Room Description: Den, Kitchen
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 600.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 2 Rent: 2400.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 800.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 4
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 3 Rent: 2700.0
  • Unit 3 Room Description: Bedrooms, Family Room, Kitchen, Living Room
  • Unit 3 Rooms: 8.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 1200.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $16,945.00
  • Expenses Include: Cold Water, Insurance, Taxes
  • Net Operating Income: $62,855.00
  • Gross Operating Income: $79,200.00
Rental
Rental Information
  • Home Warranty: false

Property History for 93 Front Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 93 Front Street

This home is within Paterson Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - PK to 3
Public - PK to 5
Public - K to 5
Rating
School
Distance
Dale Avenue Elementary School
PublicPK to 2

Edward W. Kilpatrick Elementary School
PublicPK to 3

School 27
PublicPK to 5

School 5
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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93 Front Street is a multi-family home for sale in Paterson, NJ 07522. This property was listed for sale on October 9, 2024 by ELITE REALTORS OF NEW JERSEY, it's currently listed at $699,999. It has been on the market for a total of 69 days and was last sold on January 22, 2010. This listing's school district is Paterson Public School District. Nearby schools include Dale Avenue Elementary School, Edward W. Kilpatrick Elementary School and School 27. 93 Front Street is a 8-bed, 3-bath, multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ELITE REALTORS OF NEW JERSEY, DAVID SIMONETTI

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/18/2024 01:20 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/18/2024 01:20 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.