163 Temple St, Paterson City, NJ

$595,000

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About 163 Temple St

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.

Features of 163 Temple St

MLS® # 3893132
Price $595,000
Acres 0.00
Year Built 1925
Type Commercial
Status Active

Community Information

Address 163 Temple St
City Paterson City
County Passaic
State NJ
Zip Code 07522-1164

Amenities

Utilities All Underground, Electric, Gas-Natural
Parking None

Interior

Heating Gas-Natural
# of Stories 3
Has Basement Yes
Basement Storage, Unfinished

Exterior

Exterior Vinyl Siding
Lot Description Corner
Roof Asphalt Shingle

Additional Information

Date Listed March 28th, 2024
Days on Market 32
Zoning R-3

Listing Details

OfficeRE/MAX SELECT
Office Contact973-656-3810

Listing Map

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