$795,000
 $4,268 est/mo Sourced by Back At You

59 Mercer St,Paterson City, NJ 07524

Paterson City, NJ 07524

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Description

Experience the pinnacle of modern investment with this rare, totally rebuilt 2024 three-family masterpiece. Each of the three expansive units has been meticulously designed for the sophisticated renter, featuring soaring high ceilings, a generous three-bedroom, two-full-bath layout, and the essential comfort of central air conditioning throughout. Every residence is a study in contemporary luxury, boasting premium finishes and the ultimate convenience of dedicated in-unit laundry, ensuring these apartments command top-tier market rents. For the savvy investor, this property offers an exceptional turnkey opportunity with excellent existing rental income and significant upside potential. The financial appeal is further enhanced by extremely low taxes, creating an incredible high-margin investment with minimal overhead. Its location is a commuter's dream, situated moments away from major NYC transportation hubs and primary highways, ensuring a consistent and high-quality tenant pool. Whether you are looking to occupy one unit and have your mortgage paid or add a pristine, low-maintenance asset to your portfolio, this 2024 build represents an unrivaled opportunity in today's competitive market.

Details

MLS #4029825
Listing TypeFor Sale
Sub-TypeResale
StatusUnder Contract
Year2024
Days On Site135
Listing Provided ByKELLER WILLIAMS PROSPERITY REALTY | ARTUR TYSZKA

Features

Bath(s) 6 Total
Garage1
BasementY

Taxes

Property8407

Area Information

StateNJ
CountyPassaic
CityPaterson City
Zip Code07524
AreaPassaic
Listing VS Median (in 07524)
Price:
$795,000
low | high
Med:
$2,700
100% of Average
On site:
135
low | high
Med:
83
100% of Average
Sourced by Back At You

Market Activity 07524

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Learn More About This Property

Ruth Camooso

Ruth Camooso

Village Square Realtors

 (973) 819-5699ruthcamooso@comcast.net
StateNJ
CountyPassaic
CityPaterson City
Zip Code07524
AreaPassaic
Listing VS Median (in 07524)
Price:
$795,000
low | high
Med:
$2,700
100% of Average
On site:
135
low | high
Med:
83
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $596K - $993K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
59 Mercer Street Property Photo 1
$795,000
59 Mercer Street
Paterson, NJ 07524
69 Mercer St Property Photo 1
$699,999
69 Mercer St
Paterson City, NJ 07524
116 Keen St Property Photo 1
$799,000
116 Keen St
Paterson City, NJ 07524
83 Mercer St Property Photo 1
$619,999
83 Mercer St
Paterson City, NJ 07524
83 Mercer Street Property Photo 1
$619,999
83 Mercer Street
Paterson, NJ 07524
Listing Updated: October 1, 2026 at 9:08:27 AM PDT

Ruth Camooso - Village Square Realtors