225 Summer Street

Paterson, NJ 07501

$575,000
Price
6
Beds
4
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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!
  1. Listed by CARLOS ROMAN • KW CITY LIFE JC REALTY
  2. Listed by CHRISTOPHER PIECHOCKI • KW CITY LIFE JC REALTY

Property Details for 225 Summer Street

Directions
GPS to Summer St
Days On Market
18
LISTING UPDATED: 12/20/2024 10:05 AM

Property Details for 225 Summer Street

StatusUnder Contract
MLS #3927736
Days on Market18
Taxes$2,113 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built2018
Lot Size0.06 AC / 2,613 SF
CountyPassaic County

Building Information for 225 Summer Street

Stories-Residences2Year Built2018Building Size-Lot Size0.06 AC / 2,613 SF

Property Information for 225 Summer Street

Summary
Location and General Information
  • Active Days on Market: 19
  • County #: Passaic
  • Town Name: Paterson City
  • Block Identifier: 3610
  • Listing Type: Exclusive Right to Sell
  • Town #: 2508.0
  • Street # Display: 225.0
  • # Parking Spaces: 2
  • County Or Parish: Passaic
  • Street Name: Summer St
  • Zip Code: 07501-1519
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $2,113
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 295000.0
  • Tax ID For Property: 2508-03610-0000-00027-0000-
  • Tax Rate Amount: $5
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width
  • # Garage Spaces: 1
  • Garage Description: Attached Garage
Property
Lot Information
  • Lot Identifier: 27
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
  • Construction Date/Year Built: 2018
Property and Assessments
  • Assessment Bldg: 252000.0
  • Assessment Land: 43000.0
Utilities
  • Cooling: Central Air
  • Water: Public Water
  • Water Heater: Gas
  • Heating: Forced Hot Air
  • Fuel Type: GasNatur,SolarOwn
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: No
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 3.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 2.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 1 Rent: 2700.0
  • Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 1 Rooms: 12.0
  • Unit 1 Security Deposit: 2700.0
  • Unit 1 Sq Ft: 975.0
Unit 2 Information
  • Unit 2 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Water
  • Unit 2 Rent: 2300.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Unit 2 Rooms: 9.0
  • Unit 2 Security Deposit: 2300.0
  • Unit 2 Sq Ft: 975.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $9,999.00
  • Net Operating Income: $9,999.00
  • Gross Operating Income: $60,000.00

Property History for 225 Summer Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 225 Summer Street

Taxable ValueLand$43,000Additions$252,000Total$295,000
Tax Record2023$2,113 ($176 / month)
Home Facts
Beds0Stories3Lot Size2,500 SqFtStyleSingle Family ResidenceZoningB-2CountyPASSAICAPN08 03610-0000-00027

Schools near 225 Summer Street

This home is within Paterson Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - PK to 3
Public - PK to 5
Public - K to 8
Rating
School
Distance
Dale Avenue Elementary School
PublicPK to 2

Edward W. Kilpatrick Elementary School
PublicPK to 3

School 15
PublicPK to 5

Senator Frank Lautenberg School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW CITY LIFE JC REALTY, CARLOS ROMAN; KW CITY LIFE JC REALTY, CHRISTOPHER PIECHOCKI

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/21/2024 08:47 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/21/2024 08:47 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.