NJ > Paterson
Paterson, NJ 07501,532 Summer ST
Paterson, NJ 07501,532 Summer ST
Paterson, NJ 07501,532 Summer ST
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Listed by Realty of America LLC
$540,000
Est. payment /mo
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5 Baths
Active

532 Summer ST Paterson, NJ 07501

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Isaac De Castro

Isaac De Castro

+1(646) 626-7901

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Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25026128

Style 2 Family

Full Baths 5

Property Sub-Type 2 Family

Property Description

Investor’s dream! This legal 2-family property in Paterson is a high-yield, cash-flowing opportunity w/ no certificate of occupancy required a rare advantage for savvy investors. The 1st floor features 2 studio units, each w/ its own bathroom. The 2nd floor mirrors the layout with 2 more private studio suites, & a finished attic adds a 5th bonus studio unit. Currently generating $6,100/monin cash rental income with no formal leases, this asset offers immediate returns and flexibility. Two units rent at $1,300 each, two at $1,200, & one at $1,100. With annual taxes at $6,310 and insurance at $4,500, this investment maintains a strong profit margin. While there’s no finished basement and street parking only, the property’s location in a high-demand rental area makes it a reliable earner with room to grow. Whether you're building your first portfolio or adding another gem to your collection, this is an opportunity you don’t want to miss. Cash flow from day one in a thriving rental market.

Location

State NJ

County Passaic

Interior

Laundry See Remarks

New Jersey MLS (NJMLS)

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agent

Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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