163 Temple Street

Paterson, NJ 07522

$595,000
Price
4
Beds
3
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This property offers a lucrative investment opportunity, featuring a combination of commercial and residential units in Paterson. The property boasts a rented store on the ground floor, providing immediate rental income, along with two spacious apartments. Ground Floor Store: Currently leased, this commercial space provides a stable rental stream. First Floor Apartment: This inviting apartment comprises three bedrooms and one bath, offering comfortable living spaces for residents. Second Floor Apartment:...This property offers a lucrative investment opportunity, featuring a combination of commercial and residential units in Paterson. The property boasts a rented store on the ground floor, providing immediate rental income, along with two spacious apartments. Ground Floor Store: Currently leased, this commercial space provides a stable rental stream. First Floor Apartment: This inviting apartment comprises three bedrooms and one bath, offering comfortable living spaces for residents. Second Floor Apartment: The upper-level apartment presents an expansive layout with four bedrooms and two baths. Newly Installed Roof and Siding. Income Potential: With a rented commercial unit and two residential apartments, this property offers multiple revenue streams, making it an attractive investment opportunity with promising returns. Whether you're seeking a lucrative investment or looking to establish a home with rental income, this mixed-use property presents a compelling opportunity in the thriving community of Paterson. Schedule a viewing and explore the potential of this exceptional property.
  1. Listed by JULIANA GIBBS • RE/MAX SELECT

Property Details for 163 Temple Street

Directions
North 7th to temple
Days On Market
6

Location

Listing Courtesy of RE/MAX SELECT, JULIANA GIBBS
Add your commute
LISTING UPDATED: 04/24/2024 02:30 PM

Property Details for 163 Temple Street

StatusActive
MLS #3896957
Days on Market14
Taxes$10,286 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1925
Lot Size-
CountyPassaic County

Location

Listing Courtesy of RE/MAX SELECT, JULIANA GIBBS
Add your commute

Building Information for 163 Temple Street

Stories-Residences3Year Built1925Building Size-Lot Size-

Payment Calculator

$4,104 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,247

Property Taxes

$857

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 163 Temple Street

Summary
Location and General Information
  • Zoning: R-3
  • Active Days on Market: 6
  • Renovated Year: 2024
  • County #: Passaic
  • Town Name: Paterson City
  • Block Identifier: 301
  • Listing Type: Exclusive Right to Sell
  • Town #: 2508.0
  • Street # Display: 163.0
  • # Parking Spaces: 0
  • County Or Parish: Passaic
  • Street Name: Temple
  • Zip Code: 07522-1164
  • Total Units: 3
Taxes and HOA Information
  • Tax Amount: $10,286
  • Assessment Total: 209800.0
  • Tax Year: 2024
Parking
  • Parking/Driveway Description: None
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Description: Corner
  • Lot Identifier: 5
  • Approximate Lot Size: 26x75
  • Construction Date/Year Built: 1925
  • Construction Date/Year Built Des: Approximate, Renovated
Property and Assessments
  • Assessment Land: 35800.0
Utilities
  • Cooling: 3 Units, Window A/C(s)
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Heating: 3 Units, Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Interior Features: Fire Alarm Sys, Smoke Detector
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Microwave Oven, Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • 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, Tenant Pays Heat
  • Unit 1 Rent: 1750.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 2250.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 0
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 07-01-2026
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1650.0
  • Unit 2 Room Description: See Remarks
  • Unit 2 Rooms: 1.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 1000.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator
  • Unit 3 Baths: 2.0
  • 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, Tenant Pays Heat
  • Unit 3 Rent: 2200.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Unit 3 Rooms: 6.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $24,006.00
  • Expenses Include: Cold Water, Garbage Collection, Insurance, Taxes
  • Net Operating Income: $43,194.00
  • Gross Operating Income: $67,200.00

Property History for 163 Temple Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 163 Temple 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 4
Rating
School
Distance
Dale Avenue Elementary School
PublicPK to 2

Edward W. Kilpatrick Elementary School
PublicPK to 3

School 27
PublicPK to 5

School 14
PublicK to 4

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

163 Temple Street is a multi-family home for sale in Paterson, NJ 07522. This property was listed for sale on April 18, 2024 by RE/MAX SELECT, it's currently listed at $595,000. 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. 163 Temple Street is a 4-bed, 3.5-bath, multi-family home built in 1925.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX SELECT, JULIANA GIBBS

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 05/02/2024 12:11 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.