50 Cianci Street

Paterson, NJ 07501

$650,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Mixed use opportunity (4 apartments and 1 retail) in the heart of downtown Paterson. 6 bedrooms and 4 full baths total. Great for both an owner occupant with a business on the ground floor or an investor looking for value add. Under market value rents grossing $48,882. Separate utilities yielding a 7% cap rate. 2 water heaters replaced in 2018, 1 replaced this year. 5 year old furnaces. Roof replaced 5 years ago. All tenants are in good standing with month-to-month agreements. Please note there's...Mixed use opportunity (4 apartments and 1 retail) in the heart of downtown Paterson. 6 bedrooms and 4 full baths total. Great for both an owner occupant with a business on the ground floor or an investor looking for value add. Under market value rents grossing $48,882. Separate utilities yielding a 7% cap rate. 2 water heaters replaced in 2018, 1 replaced this year. 5 year old furnaces. Roof replaced 5 years ago. All tenants are in good standing with month-to-month agreements. Please note there's a large clean basement with plenty of storage. Property is being sold as is with lots of extras.
  1. Listed by Omar Fernandez • JMichaels Realty, Oradell

Property Details for 50 Cianci Street

Style
Res/Com Mixed
Sub style
Rtl/Apt

Location

Add your commute
LISTING UPDATED: 03/13/2022 10:58 AM

Property Details for 50 Cianci Street

StatusSold
MLS #20050834
Days on Market189
Taxes$18,305 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / Res/Com Mixed
Year Built-
Lot Size-
CountyPassaic County

Location

Add your commute

Building Information for 50 Cianci Street

Stories-Residences4Year Built-Lot Size-

Payment Calculator

$5,073 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$1,525

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 50 Cianci Street

Summary
Location and General Information
  • Area: 1608
  • Area name: Paterson
  • Directions: Market st to Cianci st
  • Street Name: Cianci
  • County Name: PASSAIC
  • Status: SOLD
  • Street Number Numeric: 50
  • Zip Code: 07501
Taxes and HOA Information
  • Tax: $18,305
Property
Lot Information
  • Lot: 00009
  • Year Built: 1900-1939
  • Propertype ro: Munincipal Water, O/See Rmrks, Sewer
  • Block: 04608
Property and Assessments
  • Photo: Y
  • Photo Number: 25
Interior and Exterior Features
Interior Features
  • Number of Units: 4
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
Multi Family
Multi-Family Information
  • No of Common units: 1
  • No2 Bedroom units: 4
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $690,000.00
  • Listing Date: 12-09-2020
  • Pending Date: 06-16-2021
  • Close Date: 03-11-2022
  • Status Date: 03-11-2022
  • Sale Price: $650,000
Showing Information
  • Internet Remarks: Mixed use opportunity (4 apartments and 1 retail) in the heart of downtown Paterson. 6 bedrooms and 4 full baths total. Great for both an owner occupant with a business on the ground floor or an investor looking for value add. Under market value rents grossing $48,882. Separate utilities yielding a 7% cap rate. 2 water heaters replaced in 2018, 1 replaced this year. 5 year old furnaces. Roof replaced 5 years ago. All tenants are in good standing with month-to-month agreements. Please note there's a large clean basement with plenty of storage. Property is being sold as is with lots of extras.
Rental
Rental Information
  • Owner pays: Heat, Water

Property History for 50 Cianci Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 50 Cianci Street

Taxable ValueLand$64,000Additions$396,200Total$460,200
Tax Record2022$21,362 ($1,780 / month)
Home Facts
Total Finished SqFt6,730 SqFtAbove Grade Finished SqFt6,730 SqFtStories3Lot Size2,500 SqFtStyleMiscellaneous CommercialZoningGFHDCountyPASSAICAPN08 04608-0000-00009

Schools near 50 Cianci 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 8
Rating
School
Distance
Dale Avenue Elementary School
PublicPK to 2

Edward W. Kilpatrick Elementary School
PublicPK to 3

School 15
PublicPK to 5

School 2
PublicK to 8

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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Listing Courtesy of JMichaels Realty, Oradell, Omar Fernandez

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