498 SUMMER ST Paterson, NJ $ 375,000
498 SUMMER ST
$ 375,000
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498 SUMMER ST

Paterson, NJ, 07501
$ 375,000
Bedrooms 6 Baths4.0

Monthly Estimate*

$ 1,788

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498 SUMMER ST, Paterson, NJ 07501 - Image 1

Multi-Family Home for sale in Paterson, NJ

for $375,000 with 6 bedrooms and 4 full baths. This home was built in 1940 on a lot size of 39X50.

Perfect 2 family home for investor or owner occupant looking for a truly turn key property. $3600/mo rental income, potential for $4200/mo. 2nd floor owner occupied, can be rented for $1600 a month. The house has 3 fully rented apartments and is being sold as is. The basement is renting for $900/mo. and attic for $1100 a month, 1st floor for $1600 a month for a total of $3600 a month. Landlord pays utilities for finished attic and basement. Units 1 & 2 have separate utilities, tenant pays heat, electric and gas, landlord pays water. Great investment property! Low taxes!

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Multi-Family Active

Price

$ 375,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,946

Style

Under/Over

Lot Size

39X50

Year Built

1940

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

3601861

Features
Interior
Basement Basement Full Basement Unfinished
Heating Source Natural Gas
Heating System 2 Units Hot Water Baseboard Heat
Sewer Public Sewer
Water Source Public Water
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Exterior
Parking On Street Parking
Roof Asphalt Shingles
Siding Composition
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Miscellaneous
Utilities Electric Natural Gas
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* Excluded Features
List By
Erica Travis

Listing Agent

Weichert Realtors

Broker

Affordability Calculator

$2,450
Per Month
73%
27%
0%
Monthly Principal & Interest
$1,788
Monthly Property Taxes
$662
Monthly Home Insurance
--
Edit Insurance and Taxes
Default based on a 30-year fixed rate of 3.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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498 SUMMER ST , Paterson, NJ, 07501 is a Multi-Family Home for sale at $375,000 with a lot size of 39X50. 498 SUMMER ST has 6 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 07501 which is in Paterson, NJ