40 Manchester Ave, Paterson, NJ 07502-2102

Beds
10
Baths
4

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Listed byPROMISE LAND REALTY
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Overview

Excellent investment opportunity with great income potential! This property features two additional units that can help cover the mortgage payment, making it an ideal choice for both investors and owner-occupants looking to generate cash flow, or just live there.The property offers 10 spacious parking spaces, a highly valuable feature for residents and tenants. Additionally, it boasts a fully finished basement with excellent potential to generate extra income (subject to corresponding municipal approvals) or to be used as a large storage area.The building is up to date with all local and state inspections, with no pending inspections, providing peace of mind to the buyer. The second-floor apartment is currently vacant and will remain so to facilitate the purchase, offering the flexibility to occupy it immediately or select your own tenant and maximize the rental potential.The property is easy to show. Buyers with a pre-qualification letter or proof of funds can coordinate a same-day showing. Don't miss out on this excellent opportunity to acquire a property with multiple income streams and great appreciation potential!

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
10
Number of bathrooms
4
Lot size (acres)
0.11
Year built
1940

Interior features

Basement
Yes, Finished

Utilities

Cooling
Window Units, None
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$18,149

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Garden State MLS MLS®#: 4041532 Last checked:

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