305 Pacific St, Paterson City, NJ 07503

Property Description

NEW OPPORTUNITY IN SOUTH PATERSON! Spacious 2-family home offering an excellent opportunity for both owner-occupants and investors. Each unit features 2 bedrooms, living room, kitchen and full bath. One unit is currently VACANT, giving a new owner the flexibility to move right in or select their own tenant. The occupied unit currently generates $2,000 per month, with estimated market rents of approximately $2,000 - $2,200 per unit. Additional features include separate utilities, a full unfinished basement with full bathroom, and a private backyard. Live in one unit while collecting rental income from the other, or rent both units for potential gross rental income of approximately $4,000 - $4,400 per month. Convenient South Paterson location near shopping, transportation and major roadways. Bring your ideas and make this 2-family property work for you. Schedule your showing today!