$ 575,000
225 Summer St Paterson City, NJ 07501
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$ 575,000
Est. payment /mo
Under Contract
225 Summer St Paterson City, NJ 07501
6 Beds
4.5 Baths
1,950 SqFt
UPDATED:
11/20/2024 12:37 PM
Key Details
Property Type Multi-Family, Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 1,950 sqft
Price per Sqft $294
MLS Listing ID 3927736
Style 3-Three Story
Bedrooms 6
Full Baths 4
Half Baths 1
Year Built 2018
Annual Tax Amount $2,113
Tax Year 2023
Lot Size 2,613 Sqft
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!
Location
State NJ
County Passaic
Interior
Heating GasNatur, SolarOwn
Cooling Central Air
Heat Source GasNatur, SolarOwn
Exterior
Exterior Feature Vinyl Siding
Garage Attached Garage
Garage Spaces 1.0
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by KW CITY LIFE JC REALTY