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    116 Belmont Ave, Paterson City, NJ 07522
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    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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    Juan & Carolina Vasquez

    Juan & Carolina Vasquez

    +1(201) 819-6735
    $ 769,999
    Est. payment /mo
    Save
    Price Dropped by $15K

    116 Belmont Ave Paterson City, NJ 07522

    9 Beds

    3.5 Baths

    29,997 SqFt

    UPDATED:

    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.
    Listed by PROMISE LAND REALTY

    GET MORE INFORMATION

    Juan & Carolina Vasquez
    Juan & Carolina Vasquez

    +1(201) 819-6735 | movewithvasquez@gmail.com

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    116 Belmont Ave