Address
400 Summer St, Paterson City, NJ
Price
$ 689,900
Property Attributes
  • MLS#3895631
  • TypeMulti-Family
  • CountyPASSAIC
  • CityPaterson City
  • AreaPaterson City
  • NeighborhoodSandy Hill
  • Zip07501
  • Style2-Two Story
  • Year Built1940
  • Taxes$ 8438
  • Price$ 689,900
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size0.04 Acres
Data Source:
Garden State MLS (GSMLS)
Property 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 $47,351

Price History
4/11/2024 Listed $689,900

General Features

Interior Features Carbon Monoxide Detector,Smoke Detector,Tile Floors,Vinyl-Linoleum Floors,Wood Floors
Sewer Public Sewer
Heating 4+ Units
Cooling Window A/C(s)
Utilities All Underground
Possession 0-30
Roof Flat
Water Heater Gas
Exterior Features Patio,Wood Fence
Architectural Style 2-Two Story
Year Built 1940
Township Paterson City
Easement No
Tax Year 2023
Gross Income 59112
County Passaic
Net Operating Income 47351
Building # 400
Subdivision Name Sandy Hill
Total Rooms 14
Status Active
Directions Norton St to Summer
Total Units 4
Street Name Summer St
Tax Annual Amount 8438
Home Warranty Y/N No
Drive On-Street Parking
Days on Market 14
Standard Status Active
Tax Assessed Value 172100
Town # 2508
Tax Lot 2
Farm Assessment No

Interior Features

Basement Bilco-Style Door,Unfinished
Unit 4 Rooms 3
Unit 2 Rooms 3
Unit 1 Rooms 4
Unit 3 Rooms 4
Unit 3 Room Description Bedrooms,Eat-In Kitchen,Living Room
Unit 1 Room Description Bedrooms,Eat-In Kitchen,Living Room
Unit 2 Room Description Bedrooms,Eat-In Kitchen,Living Room
Unit 4 Room Description Bedrooms,Eat-In Kitchen,Living Room
Unit 1 Sq Ft 1000
Unit 2 Sq Ft 850
Unit 3 Sq Ft 1000
Unit 4 Sq Ft 850
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 1
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 4 Baths Total 1.0
Unit 4 Beds Total 1
Fuel Type Gas-Natural
Unit 1 Levels 1
Unit 2 Levels 1
Unit 3 Levels 1
Unit 4 Levels 1
Full Baths 4
Total Bedrooms 6
UnitType1TotalRent 1607
UnitType2TotalRent 950
UnitType3TotalRent 1469
Unit 4 Appl/Equip Carbon Monoxide Detector,Range/Oven - Gas,Refrigerator,Smoke Detector
Unit 3 Handicap Modified No
Unit 4 Handicap Modified No
Unit 2 Handicap Modified No
Unit 1 Handicap Modified No
Unit 1 Appl/Equip Carbon Monoxide Detector,Range/Oven - Gas,Refrigerator,Smoke Detector
Unit 2 Appl/Equip Carbon Monoxide Detector,Range/Oven - Gas,Refrigerator,Smoke Detector
Unit 3 Appl/Equip Carbon Monoxide Detector,Range/Oven - Gas,Refrigerator,Smoke Detector

Exterior Features

Lot Features Corner
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 25X75
Lot Size Acres 0.04

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 07501

Price
AVG $550K
$690K
Taxes
AVG $9,295
$8,438
Visits
AVG 158
137
Data Provided by Inside Real Estate®
Year Built
AVG 1942
1940