562 Summer St,Paterson City, NJ 07501
Paterson City, NJ 07501
Description
Excellent opportunity to own a fully renovated 3-family property in Paterson, NJ! Completely gutted and renovated in 2020, this income-producing property offers peace of mind with major updates already completed, including newer electrical, plumbing, roof, furnaces, and hot water heaters.Each of the three spacious units features 2 bedrooms, a living room, a kitchen, and a full bathroom, providing comfortable layouts that attract quality tenants. The property also offers separate utilities and separate meters, allowing tenants to pay their own gas, electric, heat, and water expenses, maximizing your return on investment.Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property is truly a turnkey cash cow with nothing left to do but collect rent. Conveniently located near shopping, schools, public transportation, and major highways.
Details
| MLS # | 4041187 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1700 |
| Days On Site | 61 |
| Listing Provided By | EXP REALTY, LLC | HUGO MEZA |
Features
| Bath(s) | 3 Total |
|---|---|
| Basement | Y |
Taxes
| Property | 7207 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Passaic |
| City | Paterson City |
| Zip Code | 07501 |
| Area | Passaic |
| Listing VS Median (in 07501) | |
Price: $539,000 low | high Med: $289,000 On site: 61 low | high Med: 118 | |
Market Activity 07501
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Learn More About This Property
| State | NJ |
|---|---|
| County | Passaic |
| City | Paterson City |
| Zip Code | 07501 |
| Area | Passaic |
| Listing VS Median (in 07501) | |
Price: $539,000 low | high Med: $289,000 On site: 61 low | high Med: 118 | |
