$450,000
Sold

127-131 5th Street

Paterson, NJ 07522
#25004981
Type:Purchase
Structure:House
Zone:Residential

Description

PRIME INVESTMENT OPPORTUNITY!! This 4-bedroom, 2-bath single-family home sits on a spacious 75x100 lot in Paterson’s 1st Ward Redevelopment Zone, offering exceptional redevelopment potential. Investors and developers can fix and flip, convert to multi-family or mixed-use, subdivide—or explore all of the above while benefiting from development incentives, tax credits, and grants for residential projects. With streamlined approvals, zoning flexibility, and funding opportunities, this property is ideal for 203k buyers, developers, and investors looking to capitalize on Paterson’s growth and strong rental demand. Nearby infrastructure improvements, the Great Falls Lofts Project, and public-private partnerships further enhance long-term appreciation potential. Recent renovations have been completed, but the home is sold as-is, with the buyer responsible for obtaining the Certificate of Occupancy and fire certifications. Conveniently located in a rapidly growing market.

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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Cecilia Conil are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 

All information deemed reliable but not guaranteed. Last date updated: 01/09/2023

2023 New Jersey Multiple Listing Service, Inc. All rights reserved.  

Last Updated: . Source: NJMLS

Listing Courtesy
Listing Agent: 463372 (#463372), Phone: (551) 200-7590, Email: cynt4homes@gmail.com
Listing Office: Compass New Jersey, LLC-Montclair (#57140)

Cecilia ConilReal Estate Group
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    The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2023, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.

    The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Cecilia Conil are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 

    All information deemed reliable but not guaranteed. Last date updated: 01/09/2023

    2023 New Jersey Multiple Listing Service, Inc. All rights reserved.  

    The data relating to real estate for sale on this website comes in part from the IDX Program of Garden
    State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as
    IDX Listing. Information deemed reliable but not guaranteed. The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.