225 Summer ST Under Contract

Paterson,NJ 07501

$ 575000

6 Beds

4.5 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 24033504

Style 2 Family

Bedrooms 6

Full Baths 4

Half Baths 1

Annual Tax Amount $2,113

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

Area Paterson

Rooms

Basement Full,Prt Finished

Interior

Heating Gas,Solar

Fireplaces Type None

Laundry Hook Ups,In Unit

Exterior

Exterior Feature Vinyl

Garage Attached

Utilities Available Sep Elec,Sep Gas,Sep Heat

Waterfront Description None

View None

Building

Lot Description Regular

Others

Senior Community No

Ownership Bank

Miscellaneous None

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