Property
Paterson City, NJ 07501 200 Summer St
$2,435,900
Presented By: WEICHERT REALTORS; 973-870-6863
Full/Half Baths • 0 / 7
Garage • 6
Home Details
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.
Presented By: WEICHERT REALTORS; 973-870-6863
Interior Features for 200 Summer St
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath7
Num Units w/Half Bath
Half Baths7
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units0
Num 2 Bdrm Units4
Num 1 Bdrm Units3
BasementFinished
FlooringLaminate
Fuel TypeGas-Natural
Total Stories2
General for 200 Summer St
ConstructionBrick/Block, See Remarks, Wood
Cooling4+ Units, Multi-Zone Cooling, See Remarks
CountyPassaic
DirectionsIn between Hamilton and 12th Ave
Documents AvailableSee Remarks
DriveOff-Street Parking, Parking Lot-Shared
EasementNo
Equipment AvailableAppliances, Exhaust System, Fire Alarm, Handicapped Access, Intercom, Security System, Smoke Detector, Sprinkler System
Garage Spaces6
Heating4+ Units, Heat Pump, Multi-Zone
Leasable Area
LocationResidential Area
Num Apts7
Number Of Units Total7
OwnershipFee Simple
Possessionupon closing
Property TypeApartment Complex
Property TypeApartment Complex
RoofAsphalt Shingle
ServicesPrewired for Internet
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount12788
Tax Assessed Value33800
Tax Lot3
Tax Year2024
Town #2508
TownshipPaterson City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built2025
Zoningresidential
Exterior for 200 Summer St
Building Area Total
Exterior DescriptionVinyl Siding
Lot Dimensions50X100
Lot Size Acres0.11
Max Ceiling Height
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking6
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner