79 North 4th Street

Paterson, NJ 07522

$880,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This building is an investors dream, located on the northside of town near Temple St. Features 6 apt's 3 Br's each, plus 2 other one Br units. Separate gas utilities for each apt. Plus four large garages for rental income. Property is up to standards for State DCA card. Income cape rate is 7 plus. If you forget to take a look at this property then is your lost. Investors are making better/higher cape rates in Paterson. Also low maintenance needed since present owner has improved the property greatly.This building is an investors dream, located on the northside of town near Temple St. Features 6 apt's 3 Br's each, plus 2 other one Br units. Separate gas utilities for each apt. Plus four large garages for rental income. Property is up to standards for State DCA card. Income cape rate is 7 plus. If you forget to take a look at this property then is your lost. Investors are making better/higher cape rates in Paterson. Also low maintenance needed since present owner has improved the property greatly.
  1. Listed by John G. Susani • Coldwell Banker Susani

Property Details for 79 North 4th Street

Style
5+Family
Sub style
5-25

Location

Add your commute
LISTING UPDATED: 09/13/2021 09:39 AM

Property Details for 79 North 4th Street

StatusSold
MLS #20046334
Days on Market205
Taxes$18,503 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / 5+Family
Year Built-
Lot Size-
CountyPassaic County

Location

Add your commute

Building Information for 79 North 4th Street

Stories3Residences8Year Built-Lot Size-

Payment Calculator

$6,344 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,803

Property Taxes

$1,542

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 79 North 4th Street

Summary
Location and General Information
  • Area: 1608
  • Area name: Paterson
  • Directions: Haledon Ave. to N. 4th St. or Temple St to N 4th St.
  • Dep Status: See Remarks
  • Asv total: 447600
  • Street Name: 4th
  • County Name: PASSAIC
  • Status: SOLD
  • Street Number Numeric: 79
  • Street Direction: North
  • Zip Code: 07522
Taxes and HOA Information
  • Tax: $18,503
Parking
  • Parking Spaces: 4
Property
Lot Information
  • Lot: 00005
  • Year Built: 1900-1939
  • Propertype ro: Munincipal Water, Sewer
  • Block: 00412
Property and Assessments
  • Land assessment: $78,700
  • Building Assessment: $368,900
  • Photo: Y
  • Photo Number: 2
Interior and Exterior Features
Interior Features
  • Number of Units: 8
  • Ceiling high: 8.0
  • Number Of Stories: 3
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
  • Construction: Frame/Vinyl
Multi Family
Multi-Family Information
  • No of Common units: 0
  • No1 Bedroom units: 2
  • No3 Bedroom units: 6
Income & Expenses Information
  • Gross Income: $100,200.00
  • Net Income: $57,850.00
  • Gross expenses: $42,350.00
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $999,000.00
  • Listing Date: 11-01-2020
  • Pending Date: 05-26-2021
  • Close Date: 09-10-2021
  • Status Date: 09-10-2021
  • Sale Price: $880,000
Showing Information
  • Internet Remarks: This building is an investors dream, located on the northside of town near Temple St. Features 6 apt's 3 Br's each, plus 2 other one Br units. Separate gas utilities for each apt. Plus four large garages for rental income. Property is up to standards for State DCA card. Income cape rate is 7 plus. If you forget to take a look at this property then is your lost. Investors are making better/higher cape rates in Paterson. Also low maintenance needed since present owner has improved the property greatly.
Rental
Rental Information
  • Owner pays: Water

Property History for 79 North 4th 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 79 North 4th Street

Taxable ValueLand$78,700Additions$368,900Total$447,600
Tax Record2022$20,778 ($1,731 / month)
Home Facts
Total Finished SqFt5,927 SqFtAbove Grade Finished SqFt5,927 SqFtStories3Lot Size4,284 SqFtStyleMiscellaneous CommercialZoningR-3CountyPASSAICAPN08 00412-0000-00005

Schools near 79 North 4th 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 - 1 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

Rev. Dr. Frank Napier Jr. School
Public1 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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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 Coldwell Banker Susani, John G. Susani

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 05/07/2024 02:26 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.