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225 Summer St

Paterson City, NJ 07501
  • $575,000
  • STATUS: Active Under Contract
  • ON SITE: 62 Days
  • MLS #: 3927736
UPDATED: 39 min ago
$575,000
  • 6
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
2018
County:

School Ratings & Info

Description

Welcome to 225 Summer St, a modern investment opportunity in the heart of Paterson! Built in 2018, this property features two spacious units, perfect for generating steady rental income.Unit 1 is a duplex with 3 bedrooms, 2.5 bathrooms, and a thoughtful layout that balances comfort and privacy. Unit 2 offers 975 sq. ft. of living space, with 3 bedrooms and 2 bathrooms ideal for various tenant needs. Both units are currently occupied by long-term tenants, generating a robust monthly rental income of $5,000.This property also boasts valuable features, including solar panels for energy savings and an attached garage, providing secure parking and additional convenience. Whether you're an investor or looking to own an income-generating property, 225 Summer St is an excellent choice. Don't miss the opportunity to make this high-yielding, low-maintenance property your own!

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-06T21:46:15.853.
www.pickpina.com/homes/156335288
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225 Summer St Paterson City, NJ 07501

  • Price: $575,000
  • Status: Active Under Contract
  • On Site: 62 Days
  • Updated: 39 min ago
  • MLS #: 3927736
6
Beds
4
Baths
1
½ Baths
0.06
Acres
2018
Built
County:
Passaic
Area:
Paterson City
Property Description
Welcome to 225 Summer St, a modern investment opportunity in the heart of Paterson! Built in 2018, this property features two spacious units, perfect for generating steady rental income.Unit 1 is a duplex with 3 bedrooms, 2.5 bathrooms, and a thoughtful layout that balances comfort and privacy. Unit 2 offers 975 sq. ft. of living space, with 3 bedrooms and 2 bathrooms ideal for various tenant needs. Both units are currently occupied by long-term tenants, generating a robust monthly rental income of $5,000.This property also boasts valuable features, including solar panels for energy savings and an attached garage, providing secure parking and additional convenience. Whether you're an investor or looking to own an income-generating property, 225 Summer St is an excellent choice. Don't miss the opportunity to make this high-yielding, low-maintenance property your own!
Exterior Features

Approximate Lot Size 25X100 Exterior Description Vinyl Siding Garage Description Attached Garage Number Of Parking Spaces 2 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

Interior Features

Basement No Cooling Central Air Heating Forced Hot Air Total Number Of Rooms 21 Unit1 Appliances Equipment Range/Oven - GasRefrigerator Unit1 Baths 3.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 2 Unit1 Room Description BedroomsDining RoomKitchenLiving Room Unit1 Rooms 12 Unit1 Security Deposit 2700 Unit1 Sq Ft 975 Unit2 Appliances Equipment Range/Oven - GasRefrigerator Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsDining RoomKitchenLiving Room Unit2 Rooms 9 Unit2 Sq Ft 975

Property Features

Assessment Total 295000 Building Assessment 252000 Easement No Fha Age Restricted No Fuel Type GasNaturSolarOwn Gross Operating Income 60000 Land Assessment 43000 Net Operating Income 9999 Sewer Public Sewer Tax Amount 2113 Tax Rate Amount 4.903 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 9999 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit1 Rent 2700 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays Water Unit2 Rent 2300 Unit2 Security Deposit 2300 Water Public Water Water Heater Gas

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Kw City Life Jc Realty: 201-779-9304.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-06T21:46:15.853.
 
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Clifton NJ, 07013