116 Belmont Ave
Paterson City, NJ 07522
Price: $780,000
GSMLS: 3969680Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 9
Baths: 3 Full & 1 Half
Garage: No
Year Built: 1950
Acres: 0.10
Property Tax: $14,291
Description
THIS WAS A MIXED-USE PROPERTY WITH A LAUNDROMAT BUSINESS OPERATING ON THE FIRST FLOOR, BUT THE PRIOR OWNER REMOVED ALL THE EQUIPMENT. ALL GAS, ELECTRIC, WATER, SECURITY SYSTEM AND DRAINAGE CONNECTIONS WERE INSTALLED BACK WITH CAPACITY TO 20 WASHERS AND 20 DRYERS, NEW CENTRAL AC/HEAT INSTALLED ALSO ON THIS FLOOR. THE BUILDING ALSO FEATURES 2 NICELY RECENT RENOVATED APARTMENTS ON THE SECOND AND THIRD FLOORS. (SEE DETAILS IN UNIT INFORMATION SECTION). THE DRIVEWAY, SIDING, AND THE ROOF ARE COMPLETELY NEW. "YOU HAVE TO SEE FOR YOURSELF TO APPRECIATE SO MANY IMPROVEMENTS RECENTLY DONE". DUE TO FIRST FLOOR VACANCY STATUS THE PRIOR BUYERS WERE NOT ABLE TO SECURE A MORTGAGE. THEREFORE, THE SELLER IS ONLY ACCEPTING CASH WITH PROOF OF FUNDS OR CONVENTIONAL OFFERS "MIGHT DO IT WITH A LEAST 50%DOWN PAYMENT WITH A PREAPROVAL LETTER"PLEASE ASK YOUR LENDING COMPANY BEFORE MOVING FORWARD. "BETTER SAFE THAN SORRY""THIS REPRESENTS AN OUTSTANDING OPPORTUNITY FOR AN ATRACTIVE INVESTMENT WITH SIGNIFICANT GROWTH POTENTIAL."
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
16
Basement:
Yes - Full
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Security System, See Remarks, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Brick, Vinyl Siding
Lot Size:
45X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
None
Parking:
Blacktop
Spaces Available:
6
Unit 1
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
3
Room Description:
See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, Security System, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
5
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Pantry, Utility Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
4
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living/Dining Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units, Radiators - Hot Water
Heating Fuel:
Electric, Gas-Natural
Cooling:
Central Air, Window A/C(s)
Water Heater:
Electric, Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Paterson City
Neighborhood:
n/a
Financial Considerations
List Price:
$780,000
Tax Amount:
$14,291
Land Assessment:
$67,500
Build. Assessment:
$213,000
Total Assessment:
$280,500
Tax Rate:
5.10
Tax Year:
2024
Listing Information
MLS ID:
3969680
List Date:
06-16-2025
Days On Market:
376
Listing Broker:
PROMISE LAND REALTY
Listing Agent:
Guido Barrantes
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: DrakesvilleCondos.com
