557-565 E 23rd St, Paterson City NJ, 07514

Active

557-565 E 23rd St

Paterson City NJ, 07514

$1,350,000

Active

Commercial

Built in 2003

Discover a unique 8-unit garden-style multifamily property that stands apart from the rest! Situated on the border of the Wrigley Park and East Side neighborhoods, this well-maintained asset offers tremendous curb appeal, a very attractive option for local renters. With minimal deferred maintenance, investors can cash flow from day one, while still unlocking additional value through strategic management and improvements. Boasting a thoughtful unit mix, each apartment is spacious and well laid out, catering to tenant comfort and long-term occupancy. Whether you're an investor looking for a stable income-producing property or seeking an opportunity to enhance returns throughout repositioning, this property delivers both reliability and upside for its next owner.

3944887

MLSⓇ ID

February 6, 2025

Listed

February 20, 2025

Updated

Interior Features

Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Electric, Forced Air, Natural Gas

Exterior/Building Features

Lot Size: 0.31 Acres
Sewer: Public Sewer

Other Property Details

Taxes: $33,662
Tax Frequency: Annually
Garage: No
View: No
County: Passaic
Water Source: Public
Pool: No
Utilities: Cable Available
Zoning: 0

Courtesy of EXP REALTY, LLC with ERIC ECKHARDT,
Listing Contact: 8662016210

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