Do Real Estate on the Go!
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$540,000
5 Beds
5 Baths5 full baths
--sqft
532 Summer St, Paterson, NJ 07501
$540,000
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Single Family Residence
Built in -
$-- HOA
-- sqft lot
--/sqft
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 fin...
Continue Reading- Houzeo last checked: 2 Minutes ago
- Listing updated: November 4, 2025 at 7:27 pm
- Listing Provided by: (929) 408-7820 | Realty of America LLC (833) 256-4244
- Source: New Jersey MLS-NJ | MLS#: 25026128
Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
New Jersey MLS
MLS Number
25026128
MLS Status
Under Contract - Under Contract
Days on Market
134
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