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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Simon Vassalo

Simon Vassalo

+1(973) 536-8554
$ 769,999
Est. payment | /mo

9,999 SqFt

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

9,999 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,999 sqft

Price per Sqft $77

MLS Listing ID 4049503

Year Built 1940

Annual Tax Amount $14,964

Tax Year 2025

Lot Size 4,356 Sqft

Property Sub-Type Mixed Use

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

Zoning comm

Rooms

Basement Full

Interior

Heating Electric, Gas-Natural

Cooling Central Air, Wall A/C Unit(s)

Flooring Laminate, Wood

Equipment Fire Alarm, Restrooms - Public, Smoke Detector

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block, Composition Shingle

Garage Spaces 8.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Garage No

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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

Nearby Locations

Simon Vassalo
Simon Vassalo

Co-Founder License ID: 1865935

+1(973) 536-8554 | simon.vassalo@cbmoves.com

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116 Belmont Ave