BEDS10
BATHS3 full
MLS#4036074
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Fuel Type: Electric, Gas-Natural
Heating: 2 Units
Lot Size: 0.04 Acres
Roof Type: Composition Shingle
Taxes: $4,972
Year Built: 1940
Amenities
Smoke Detector
Sidewalk
Feature Descriptions
Days on Site: 9
Driveway: On-Street Parking
Exterior: Aluminum Siding
Lot: Corner, Level Lot
Lot Dimensions: 0.04 acre(s)
Parking Notes: On-Street Parking
Sewer: Public Sewer
Utilities: All Underground, Gas In Street
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: REALTY EMPIRE, LLC
Agency Contact: 973-510-2260
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,425.60 per month $1,778.23 Principal & Interest $414.33 Property Tax $233.04 Homeowner's InsuranceChange Payment Information
523 Park Ave | MLS# 4036074
This multi-family property located at 523 Park Ave, Paterson, NJ 07504 is currently listed for sale with an asking price of $799,000. Search Paterson real estate on www.realtymarkllc.com today.