148 7th St, Paterson, NJ 07522

Property Description

Investor or house hacking opportunity at 148 N. 7th Street in Paterson! This completely vacant two-family offers potential to renovate for investment or occupy one unit and rent the other. The first floor unit features 2 bedrooms, 1 bathroom, a living room, dining room, and kitchen. The second unit spans two levels with 3 bedrooms, 1 bathroom, a living room, and kitchen. The finished basement offers bonus space with a kitchen, full bathroom, and walkout access to the backyard. Potential gross rental income of approximately $4,000/month following renovation, based on nearby advertised rents. Estimate only; not guaranteed. Buyer to independently verify rental income potential. No basement rental income is included in this estimate. The property needs cosmetic repairs and is sold strictly as-is. Buyer is responsible for obtaining the Certificate of Occupancy, required municipal inspections, and related requirements. Buyer to verify permitted uses and legal status of all finished spaces. Photo disclosure: Some photos have been digitally edited to remove personal belongings and clutter for illustrative purposes. These images may not reflect the property's current appearance or condition. Buyers should inspect the property in person.