119 W Broadway

Highlights:

• Annual Tax: $ 13598.0
• Basement: Unfinished
• Cooling: No A/C
• Exterior Description: Vinyl Siding
• Flooring: Tile
• Garage Description: No Garage
• Heating Fuel Type: Gas
• Heating Type: Baseboard
• Kitchen Features: Kitchen Facilities
• Sewer: Public
• Water: Municipal Water

Description:

Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing market