Residential Income in Paterson City

$539,000

562 Summer St, 07501, Paterson City

Residential Income for sale in Paterson City, 562 Summer St, 07501

562 Summer St, 07501, Paterson City

$539,000

6Bed
3Bath
Type: Residential Income

Description

Excellent opportunity to own a fully renovated 3-family property in Paterson, NJ! Completely gutted and renovated in 2020, this income-producing property offers peace of mind with major updates already completed, including newer electrical, plumbing, roof, furnaces, and hot water heaters.Each of the three spacious units features 2 bedrooms, a living room, a kitchen, and a full bathroom, providing comfortable layouts that attract quality tenants. The property also offers separate utilities and separate meters, allowing tenants to pay their own gas, electric, heat, and water expenses, maximizing your return on investment.Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property is truly a turnkey cash cow with nothing left to do but collect rent. Conveniently located near shopping, schools, public transportation, and major highways.

Location

562 Summer St, 07501, Paterson City

Data

Object TypeResidential Income
Purchase Price$539,000
Living Space0 m²
Plot Size242.81 m²
Bathrooms3
Construction Year1700
ConditionNot specified
Rooms12

Energy Information

Heating TypeHeat Source: Electric, Gas-Natural, Heating Type: 3 Units
Primary Energy SourceN/A
Construction Year1700
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent