116 Belmont Ave, Paterson, NJ 07522
Local realty services provided by:Better Homes and Gardens Real Estate Elite
116 Belmont Ave,Paterson City, NJ 07522
$750,000
- 9 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: guido barrantes
Office: promise land realty973-253-7330
MLS#:3969680
Source:NJ_GSMLS
Price summary
- Price:$750,000
About this home
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. REDUCED ONE MORE TIME TO GIVE A BUYER OR INVESTOR THE OPPORTUNITY TO MAKE IT YOURS NOW BEFORE SOMEONE ELSE DOES....
Contact an agent
Home facts
- Year built:1950
- Listing ID #:3969680
- Added:418 day(s) ago
- Updated:November 13, 2026 at 03:33 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Full bathrooms:3
- Half bathrooms:1
- Rooms Total:16
- Basement Description:Basement, Full
Heating and cooling
- Cooling:Central Air, Wall A/C Unit(s)
- Heating:3 Units, Radiators - Hot Water
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1950
- Lot area:0.1 Acres
- Lot Features:Level Lot
- Architectural Style:3-Three Story
- Construction Materials:Brick, Vinyl Siding
- Exterior Features:Metal Fence, Wood Fence
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$750,000
- Tax amount:$14,291 (2024)
Features and amenities
- Amenities:Carbon Monoxide Detector, Fire Extinguisher, Security System, Smoke Detector
Parking
- Parking description:Blacktop Driveway
New listings near 116 Belmont Ave
- Coming SoonOpen Sat, 1 to 3pm
$619,000Coming Soon7 beds 3 baths166 Paterson Ave, Paterson City, NJ 07502
MLS# 4063836Listed by: UNITED REAL ESTATE - Coming Soon
$935,000Coming Soon5 beds 3 baths88 Montgomery St, Paterson City, NJ 07501
MLS# 4063618Listed by: NICHOLAS REAL ESTATE AGENCY - Open Sat, 1 to 3pmNew
$389,000Active3 beds 2 baths67 N 4th Street, Paterson, NJ 07522
MLS# 26042703Listed by: REALTY OF AMERICA LLC - New
$749,999Active7 beds 3 baths675 E 25th St, Paterson City, NJ 07504
MLS# 4064504Listed by: REAL - Open Sat, 11am to 2pmNew
$520,000Active2 beds 3 baths190 Crosby Ave, Paterson City, NJ 07502
MLS# 4064459Listed by: LIFESTYLE INTERNATIONAL REALTY - New
$625,000Active4 beds 3 baths86 E 20th St, Paterson City, NJ 07513
MLS# 4063469Listed by: STAY HOME REALTY LLC - New
$290,000Active0 Acres318-320 E 38th Street, Paterson, NJ 07504
MLS# 26041922Listed by: REAL - Open Sat, 1 to 3pmNew
$649,000Active-- beds 3 baths204-208 4th Avenue, Paterson, NJ 07514
MLS# 26042640Listed by: KELLER WILLIAMS VILLAGE SQUARE REALTY - Open Sat, 12 to 3pmNew
$650,000Active-- beds 2 baths130-132 Buffalo Avenue, Paterson, NJ 07503
MLS# 26042846Listed by: COLDWELL BANKER, RIDGEWOOD - New
$900,000Active-- beds 4 baths382 26th Street, Paterson, NJ 07514
MLS# 26042850Listed by: WEICHERT REALTORS, MORRISTOWN