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$ 2,435,900
Est. payment /mo
New
200 Summer St Paterson City, NJ 07501
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3973568
Year Built 2025
Annual Tax Amount $12,788
Tax Year 2024
Lot Size 4,791 Sqft
Property Description
Welcome to a rare opportunity to own a brand-new, fully vacant 7-unit investment property located in a high demand rental market. This modern multifamily building offers immediate income potential with no renovation needed and the added benefit of a long term tax abatement, maximizing your return on investment from day one. Each of the seven units features high end finishes, contemporary layouts, and energy efficient systems designed to appeal to today's renters. With all units currently vacant, investors or owner-occupants can set their own market rents ideal for maximizing cash flow. The property's strong rental income potential makes it a perfect addition to any real estate portfolio.
Location
State NJ
County Passaic
Zoning residential
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling 4+ Units, Multi-Zone Cooling, See Remarks
Flooring Laminate
Equipment Appliances, Exhaust System, Fire Alarm, Handicapped Access, Intercom, Security System, Smoke Detector, Sprinkler System
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Garage Spaces 6.0
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by WEICHERT REALTORS