1. New Jersey
2. Paterson
3. 532 Summer Street

532 Summer Street, Paterson, NJ 07501

• 5 beds |
• 5 baths

Property Description

Investor’s dream! This legal 2-family property in Paterson is a high-yield, cash-flowing opportunity w/ no certificate of occupancy required a rare advantage for savvy investors. The 1st floor features 2 studio units, each w/ its own bathroom. The 2nd floor mirrors the layout with 2 more private studio suites, & a finished attic adds a 5th bonus studio unit. Currently generating $6,100/monin cash rental income with no formal leases, this asset offers immediate returns and flexibility. Two units rent at $1,300 each, two at $1,200, & one at $1,100. With annual taxes at $6,310 and insurance at $4,500, this investment maintains a strong profit margin. While there’s no finished basement and street parking only, the property’s location in a high-demand rental area makes it a reliable earner with room to grow. Whether you're building your first portfolio or adding another gem to your collection, this is an opportunity you don’t want to miss. Cash flow from day one in a thriving rental market.

Listing Status:

Active

Date Added:

July 18, 2025 at 05:00AM

Listing Office:

Realty of America LLC : 833-256-4244

Listing Agent:

Juan T Morel : 929-408-7820

MLS ID:

25026128

Interior

• Rooms: 5
• Laundry: See Remarks

Location

Utilities

This listing courtesy of Juan T Morel, Realty of America LLC