400 Summer Street

Paterson, NJ 07501

$689,900
Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic investment income producing property. 4 family home with two 2bedroom apartments and two 1 bedroom apartments fully leased. Separate utilities. New roof 3 yrs ago. All units in very good condition. Annual rent $59,112. Noi $47,351Fantastic investment income producing property. 4 family home with two 2bedroom apartments and two 1 bedroom apartments fully leased. Separate utilities. New roof 3 yrs ago. All units in very good condition. Annual rent $59,112. Noi $47,351
  1. Listed by ANTHONY RIOTTO • BLUE RIBBON REALTY

Property Details for 400 Summer Street

Directions
Norton St to Summer
Days On Market
254
Section/Subdiv/Development
Sandy Hill
LISTING UPDATED: 04/25/2024 12:04 PM

Property Details for 400 Summer Street

StatusActive
MLS #3895631
Days on Market255
Taxes$8,438 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1940
Lot Size0.04 AC / 1,742 SF
CountyPassaic County

Building Information for 400 Summer Street

Stories-Residences4Year Built1940Building Size-Lot Size0.04 AC / 1,742 SF

Property Information for 400 Summer Street

Summary
Location and General Information
  • Building #: 400
  • Active Days on Market: 254
  • County #: Passaic
  • Town Name: Paterson City
  • Block Identifier: 6305
  • Listing Type: Exclusive Right to Sell
  • Color of Building: cream
  • Town #: 2508.0
  • Street # Display: 400.0
  • # Parking Spaces: 0
  • County Or Parish: Passaic
  • Street Name: Summer St
  • Zip Code: 07501-3054
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $8,438
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 172100.0
  • Tax ID For Property: 2508-06305-0000-00002-0000-
  • 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: On-Street Parking
Property
Lot Information
  • Lot Description: Corner
  • Lot Identifier: 2
  • Approximate Lot Size: 25X75
  • Total Acres: 0.04
  • Construction Date/Year Built: 1940
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 155100.0
  • Assessment Land: 17000.0
  • Farm Assessment: No
Utilities
  • Cooling: Window A/C(s)
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 4 Units
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Patio, Wood Fence
Interior Features
  • Interior Features: Carbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
  • Unit 1 Rent: 1607.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 1000.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
  • Unit 2 Rent: 950.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 850.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
  • Unit 3 Rent: 1469.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 1000.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 1
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 1.0
  • Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
  • Unit 4 Rent: 900.0
  • Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 4 Rooms: 3.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 850.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Expenses Include: Insurance, Maintenance, Taxes
  • Net Operating Income: $47,351.00
  • Gross Operating Income: $59,112.00
Rental
Rental Information
  • Home Warranty: false

Property History for 400 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 400 Summer Street

Taxable ValueLand$17,000Additions$155,100Total$172,100
Tax Record2023$8,438 ($703 / month)
Home Facts
Beds0Total Finished SqFt2,492 SqFtAbove Grade Finished SqFt2,492 SqFtStories2Lot Size1,875 SqFtStyleSingle Family ResidenceCountyPASSAICAPN08 06305-0000-00002

Schools near 400 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 - PK to 5
Rating
School
Distance
Dale Avenue Elementary School
PublicPK to 2

Edward W. Kilpatrick Elementary School
PublicPK to 3

School 27
PublicPK to 5

School 15
PublicPK to 5

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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400 Summer Street is a multi-family home for sale in Paterson, NJ 07501. This property was listed for sale on April 11, 2024 by BLUE RIBBON REALTY, it's currently listed at $689,900. It has been on the market for a total of 255 days and was last sold on May 7, 2007. This listing's school district is Paterson Public School District. Nearby schools include Dale Avenue Elementary School, Edward W. Kilpatrick Elementary School and School 27. 400 Summer Street is a 6-bed, 4-bath, multi-family home built in 1940.

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 BLUE RIBBON REALTY, ANTHONY RIOTTO

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: 12/22/2024 10:36 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: 12/22/2024 10:36 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.