$499,000
24-26 Bergen Street, Paterson, NJ
- N/A
- N/A
- 6,200 SQFT
Type:
Multi
Paterson, NJ | Multifamily + Vacant Lot | Heavy Reno Opportunity
Asking Price: $499k
Property Highlights
- Multifamily (Fully gutted) + the neighboring vacant lot
- Lot Size: 3700 sq ft + 2500 sq ft (Total: 6200 sq ft)
- Flood Zone: Yes
- Foundation: Basement
- Oil Tank: None
- HOA: No
Utilities
- Water: Public
- Sewer: Public
Investment Upside:
26 Bergen St (Multifamily)
- ARV: $850,000
- Estimated Repairs: $200,000
- RA-1 (First Ward Redevelopment Plan)
24 Bergen St (Vacant Lot)
- ARV: $900,000
- Estimated Repairs: $450,000
- RA-1 (First Ward Redevelopment Plan)
Exit Strategies:
- Full gut rehab for resale
- Potential redevelopment play combining the building + vacant lot
SOLD COMPS
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