384-390 River St, Paterson, NJ 07524
- $1,350,000
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- 26004333
- Price Change
- ▼ $100,000 1782804199
- County
- Passaic
- City
- Paterson
Property Description
Great Investment Opportunity with Dedicated Parking lot, approx, PRICE ADJ. by $100,000. Approx. $140K annual income, featuring a maintenance-free property with 8 units mix-use property consisting of 4 newer 2 bedrooms 2nd floor residential units in great condition, built approx. 1995 with modern/open layouts, LR, Kitchens, 2 spacious bedrooms and bath, all separate utilities and gas baseboard heat (RENTS are under Mkt Value and currently M2M at $1200 EACH), the ground floor consists of 4 shops (Unit#1 currently for rent at $2,000 a month consisting of approx 2000SQF formerly used as an upholstery shop with overhead 12' door), Unit#2: a Karate/Gym with office and 2nd floor room with restrooms rented at $1650, Unit#3: Tire-Shop currently $1,280, and Unit#4 Auto Repair $1680. Property is very well maintained and in good condition consisting of 2 lots (384-386 River St - Parking for tenants, and 386-390 River St ).This building is very well-maintained, in a convenient location of Paterson, close to shopping, NYC transp.and major highways.
/u.realgeeks.media/jimbrooksrealtor/REMAX_PROPERTIES_PLUS_LOGO.png){kind=logo}
Mortgage Calculator
Listing courtesy of Listing Agent: Roberto Sanchez () from Listing Office: United Real Estate.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RE/MAX Properties Plus are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: .
Source: New Jersey Multiple Listing Service, Inc.
“2026 New Jersey Multiple Listing Service, Inc. All rights reserved.”