2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing rental potential. Current rents include $1,900/month for the first floor and $1,300/month for the second floor, with the second unit occupied by a long-term tenant and presenting clear below-market upside (projected $1,600+). The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units. There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential.
Listed By
Agency Name: EXP REALTY, LLC
Agency Contact: 973-250-9974
Shown By
Agent Name: Rich & Lisa Small
Agent Phone: (484) 388-9259
Agency Title: RealtyMark
Estimated Payment
$ 1,971.86 per month $1,112.56 Principal & Interest $713.50 Property Tax $145.80 Homeowner's Insurance
94 Manchester Ave | MLS# 4021833
This multi-family property located at 94 Manchester Ave, Paterson, NJ 07502 is currently listed for sale with an asking price of $499,900. Search Paterson real estate on www.richsmallteam.net today.