532 Summer St Paterson, NJ 07501

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.