Bought with Mayrening Reyes Luxe Listings
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Key Details
Sold Price $580,000
Property Type Multi-Family
Sub Type 2 Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24033504
Sold Date 01/17/25
Style 2 Family
Full Baths 4
Half Baths 1
Property Sub-Type 2 Family
Property 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 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!
Location
State NJ
County Passaic
Interior
Laundry Hook Ups, In Unit
Exterior
Garage Spaces 1.0
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