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400 Summer St, Paterson, NJ 07501
$689,900
400 Summer St, Paterson, NJ 07501View this property at 400 Summer St, Paterson, NJ 07501
400 Summer StPatersonNJ07501
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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
Full Property Details
Full Property Details for 400 Summer St
General
- Price: $689,900
- Taxes: $8,438 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 3895631
- Updated: 4/11/2024
- Added to Site: 54 day(s) ago
Interior
- Number of Rooms: 14
- Interior Features: Carbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Exterior
- Exterior Features: Patio, Wood Fence
- Color: cream
Location
- County: Passaic
- Subdivision: Sandy Hill
- Driving Directions: Norton St to Summer
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 4+ Units
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Unfinished
- Roof: Flat
- Year Built: 1940
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Square Feet: 1000
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Square Feet: 850
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Square Feet: 1000
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Square Feet: 850
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.04
- Lot Dimensions: 25 x 75
- Driveway/Sidewalk: On-Street Parking
- Lot Description: Corner
Financial Considerations
- Expenses: Insurance, Maintenance, Taxes
- Assessment Amount: $155,100
- Land Assmt: $17,000
- Tax Amount: $8,438
- Tax Year: 2023
Disclosures and Reports
- Block: 6305
- Lot Number: 2
Listed by Blue Ribbon Realty
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Schools
Schools serving 400 Summer St
School District:Paterson Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
11-27 16th Ave, Paterson, NJ 07501 | K-8 | 0.2 mi | |
98 Oak St, Paterson, NJ 07501 | PK-5 | 0.2 mi | |
434 Rosa Parks Blvd, Paterson, NJ 07501 | K-4 | 0.2 mi | |
482 Market St 506, Paterson, NJ 07501 | 6-8 | 0.3 mi | |
School Of Information Technology At Eastside
150 Park Ave, Paterson, NJ 07501 | 9-12 | 0.2 mi | |
School Of Culinary Arts Hospitality and Tourism
150 Park Ave, Paterson, NJ 07501 | 9-12 | 0.2 mi | |
School Of Government and Public Administration
150 Park Ave, Paterson, NJ 07501 | 9-12 | 0.2 mi | |
Dale Ave
21 Dale Ave, Paterson, NJ 07505 | PK-2 | 0.3 mi | |
295-315 Ellison St, Paterson, NJ 07501 | PK-4 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 400 Summer St
Date
Details
Price
Change
Source
4/11/2024
Listed
$689,900
102.91%
MLS
5/07/2007
Sold
$340,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 400 Summer St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$7,989
4%
$172,100
—
2021
$7,703
7%
$172,100
4%
2018
$7,173
3%
$165,800
-1%
2019
$6,953
2%
$168,200
2%
2017
$6,843
-9%
$164,500
-5%
2016
$7,537
6%
$173,700
—
2015
$7,136
-1%
$173,700
-34%
2013
$7,241
—
$263,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 400 Summer St
400 Summer St, Paterson, NJ 07501 (MLS# 3895631) is a Multi-Family property with 4 units containing 6 bedrooms and 4 full bathrooms. 400 Summer St is currently listed for $689,900 and was received on April 11, 2024. Want to learn more about 400 Summer St? Do you have questions about finding other Multi-Family real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.