$749,900

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15 Leslie St Paterson, NJ, United States 07503

LA related to seller. 3 Family. Gut rehab in 2016 including including new electric. 2 car detached garage plus driveway for off street parking.1 block from the largest employer in Passaic County, St. Joseph's hospital. All separate utilities including separate Owner electric meter. Owner pays water and sewer for building. Apt #1: LR, EIK, 3BR, 2bth. Currently vacant. Market rent in area $2600. Apt #2: LR, EIK, 3BR, 2bth. Market rent in area is $2600. Apt #3: LR, EIK, 2BR, 1bth. Have not raised $1200 rent since original move in. Market rent $1900, Buyer can give notice to vacate if Owner wishes to occupy. Operating expenses include maintenance, common area electric, cold water, sewer, insurance, garbage collection, taxes. With market rents, including garage parking, gross potential rents would be $87,600. Potential net income, with market rents $73,114 and a cap rate of 9.76%. Photos are of the two vacant units.

Amenities

  • Bedrooms: 8
  • Full Bathrooms: 5
  • Partial Bathrooms: 0
  • Property Type: Multi-Family
  • Home size: 0 ft2 / 0 m2
  • MLS: 3923073

Property brokered by

WEICHERT, REALTORS®

(800) 824-2408

Get more listing details on brokerage site

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