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37-39 Mill St
Paterson City NJ 07501-1823 US

$1,200,000

Pending Listing ID 3920603
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Lot: 0.10 Acres
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Other

$1,200,000

Pending Listing ID 3920603
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37-39 Mill St Welcome to an exceptional investment opportunity in the heart of Paterson's thriving business district! This mixed-use property comprises two buildings at 37-39 and 41 Mill St, complemented by an additional lot at 7 Elm St. Currently, the property boasts a lucrative Day Care facility at 37-41 Mill St, generating a monthly rental income of $6000. The residential units include a spacious 3-bedroom, 1.5-bath apartment at $1360, two 2-bedroom units at 41 Mill St priced at $1110 and $1500, and a 2-bedroom unit on the third floor at $1050. All units feature separate utilities, with tenants responsible for water, heat, and electricity. The owner covers sewer payments, excluding the Day Care facility, which manages its own expenses. The sale includes the lot at 7 Elm St, utilized by the Day Care. Apartments are on a month-to-month basis, except for the Day Care, this property offers a stable income stream. According to the seller, the Day Care contributes to a portion of tax increases. Seize this golden opportunity for a sound investment with promising returns!

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Property Features

  • Facts
  • Lot Size: 0.10 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Roof Type: Flat

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1200000
  • unparsedaddress: 37-39 Mill St
  • postalcity: Paterson City
  • stateorprovince: NJ
  • country: US
  • postalcode: 07501-1823
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1
  • lotsizeunits: Acres
  • lotsizearea: 0.1
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.9146
  • longitude: -74.17668
  • listagentfullname: JOHNNY RODRIGUEZ
  • listagentemail: jrodriguez@roglegend.com
  • listagentkey: 3yd-GSMLSNJ-287215
  • listagentmlsid: 287215
  • listagentpreferredphone: 9736867777
  • listagentofficephone: 9737720660
  • listofficekey: 3yd-GSMLSNJ-189003
  • listofficemlsid: 189003
  • disclaimer: Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GSMLSNJ
  • yearbuilt: 1940
  • listingcontractdate: 2024-08-25
  • listagenturl: http://www.realtyonegroup.com/offices/realty-one-group-legend-6370303
  • countyorparish: Passaic
  • constructionmaterials: Block, Brick, Vinyl Siding
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Flat
  • waterfrontyn: False
  • franchiseaffiliation: Realty ONE Group
  • architecturalstyle: Other
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -74.17668, 40.9146
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Realty ONE Group Legend", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jrodriguez@roglegend.com", "ListBrokerageCity":"Wayne", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@roglegend.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/GSMLSNJ/6916e4811a9711e5b8762ed929035ea5/20180329173023850.png", "ListBrokerageName":"Realty ONE Group Legend", "ListBrokeragePhone":"(973) 686-7777", "ListBrokeragePostalCode":"07470", "ListBrokerageStateOrProvince":"NJ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"36 Preakness Shopping Center", "ListBrokerageWebsiteUrl":"http://www.realtyonegroup.com/offices/realty-one-group-legend-6370303", "ListOfficeAddress1":"600 GETTY AVENUE", "ListOfficeAddress2":"SUITE 302", "ListOfficeBrokerMlsId":"240446", "ListOfficeCity":"CLIFTON", "ListOfficeCountry":"US", "ListOfficeEmail":"info@roglegend.com", "ListOfficePostalCode":"07012", "ListOfficeStateOrProvince":"NJ", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Paterson City, NJ", "ListingURL":"https://listings.listhub.net/pages/GSMLSNJ/3920603/?channel=rexren", "MLSModificationTimestamp":"2025-03-10T14:24:45Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":17086, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/10/2025 8:11:41 PM GMT
Source Updated Date: 3/14/2025 6:52:56 AM GMT

Courtesy of: JOHNNY RODRIGUEZ, REALTY ONE GROUP LEGEND, jrodriguez@roglegend.com

Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.