116 Belmont Ave, Paterson City, NJ 07522
116 Belmont Ave, Paterson City, NJ 07522
116 Belmont Ave, Paterson City, NJ 07522
116 Belmont Ave, Paterson City, NJ 07522
116 Belmont Ave, Paterson City, NJ 07522
116 Belmont Ave, Paterson City, NJ 07522
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David Burris

David Burris

+1(609) 304-4202
$ 769,999
Est. payment | /mo

9 Beds

3.5 Baths

29,997 SqFt

Save
$ 769,999
Est. payment | /mo
Save

9 Beds

3.5 Baths

29,997 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 29,997 sqft

Price per Sqft $25

MLS Listing ID 3969680

Style 3-Three Story

Bedrooms 9

Full Baths 3

Half Baths 1

Year Built 1950

Annual Tax Amount $14,291

Tax Year 2024

Lot Size 4,356 Sqft

Property Description

This was a mixed-use property with a laundromat business operating on the first floor, but the previous owner removed all of the equipment. Gas, electric, water, security system, and drainage connections have been installed, with capacity for up to 20 washers and 20 dryers. A new central A/C and heating system has also been installed on the first floor, the building also features two recently renovated apartments on the second and third floors (see details in the unit information section). The driveway, siding, and roof are all brand new, you have to see this property in person to truly appreciate the many recent improvements. Due to the first-floor vacancy, the previous buyers were unable to secure financing. As a result, the seller is only accepting cash offers with proof of funds. Conventional financing may be considered with at least a 50% down payment and a pre-approved loan letter. Buyers should check with their lender before moving forward. "BETTER SAFE THAN SORRY" This property represents an outstanding investment opportunity with significant income potential. GOOD NEWS...!!! THE PROPERTY HAS ALREADY BEEN APPRAISED AT $800,000, SO THERE IS NO RISK OF GOING FOR THE FULL ASKING PRICE...!!!

Location

State NJ

County Passaic

Rooms

Basement Full

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Security System, See Remarks, Smoke Detector

Heating Electric, Gas-Natural

Cooling Central Air, Window A/C(s)

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick, Vinyl Siding

Parking Features None

Utilities Available Electric

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
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David Burris
David Burris

Principal / Agent License ID: 1973254

+1(609) 304-4202

513 S Lenola Rd, Moorestown, NJ 08057, United States

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116 Belmont Ave

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