Paterson, NJ 07501,532 Summer ST
Paterson, NJ 07501,532 Summer ST
Paterson, NJ 07501,532 Summer ST
15
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Listed by Juan Morel Realty of America LLC
$540,000
Est. payment /mo
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5 Beds
5 Baths
Under Contract

532 Summer ST Paterson, NJ 07501

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Stanley Francois

Stanley Francois

+1(201) 467-9294

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 25026128

Style 2 Family

Bedrooms 5

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)

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    School 28

    Public | PK - 8

  • 9

    Westmoreland Elementary School

    Public | PK - 5

  • 8

    Alexander Hamilton Elementary School

    Public | KG - 5

  • 7

    School 19

    Public | PK - 4

  • 7

    John P. Holland Charter School

    Public | KG - 8

  • 7

    School #2

    Public | KG - 5

  • 7

    Alexander Hamilton Academy

    Public | KG - 8

  • 7

    School #3

    Public | KG - 5

  • 7

    Forrest Elementary School

    Public | KG - 5

  • 7

    Ganter Avenue School

    Public | PK - 5

  • 6

    Norman S Weir

    Public | KG - 8

  • 6

    School 1

    Public | PK - 5

  • 6

    Lyncrest Elementary School

    Public | KG - 5

  • 5

    Memorial Middle School

    Public | 5 - 8

  • 5

    Haledon Public School

    Public | PK - 8

  • 5

    School #5

    Public | KG - 5

  • 5

    Washington Elementary School

    Public | KG - 5

  • 5

    Roberto Clemente

    Public | KG - 4

  • 5

    Charles J Riley School 9

    Public | KG - 8

  • 5

    School #1

    Public | KG - 5

Middle Schools 10
  • 10

    Classical Academy Charter School of Clifton

    Public | 6 - 8

  • 7

    Memorial Middle School

    Public | 6 - 8

  • 5

    Woodrow Wilson Middle School

    Public | 6 - 8

  • 5

    Memorial Middle School

    Public | 6 - 8

  • 4

    Christopher Columbus Middle School

    Public | 6 - 8

  • 4

    Lincoln Middle School

    Public | 6 - 8

  • 3

    New Roberto Clemente

    Public | 6 - 8

  • 3

    Garfield Middle School

    Public | 6 - 8

  • 1

    Don Bosco Academy

    Public | 6 - 8

  • 0

    Garfield Auxiliary Middle School/High School

    Public | 6 - 12

High Schools 20
  • 8

    Fair Lawn High School

    Public | 9 - 12

  • 7

    Passaic County Technical Institute

    Public | 9 - 12

  • 5

    School of Health Science

    Public | 9 - 12

  • 5

    Rosa L. Parks School of Fine and Performing Arts

    Public | 9 - 12

  • 5

    Memorial Senior High School

    Public | 9 - 12

  • 4

    Passaic County-Manchester Regional High School

    Public | 9 - 12

  • 4

    Hawthorne High School

    Public | 9 - 12

  • 3

    Clifton High School

    Public | 9 - 12

  • 2

    School of Education and Training

    Public | 9 - 12

  • 2

    International High School

    Public | 9 - 12

  • 2

    School of Earth and Space Science

    Public | 9 - 12

  • 1

    School of Science Technology Engg & Mathematics

    Public | 9 - 12

  • 1

    School of Buisiness Technology

    Public | 9 - 12

  • 1

    School of Architecture and Construction Trades

    Public | 9 - 12

  • 1

    School of Information Technology

    Public | 9 - 12

  • 1

    School of Culinary Arts Hospitality and Tourism

    Public | 9 - 12

  • 1

    School of Government & Public Administration

    Public | 9 - 12

  • 1

    Students Transitioning and Achieving Real Success

    Public | 9 - 12

  • 0

    Mary Help of Christians Academy

    Private | 9 - 12

  • 0

    Eastern Christian High School

    Private | 9 - 12

School and business data provided by Attom Data.

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Stanley Francois

Stanley Francois

Agent/Team Leader & CEO | License ID: 1750744

+1(201) 467-9294

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532 Summer ST