284 Summer St
Passaic City, NJ 07055
Price: $1,599,000
GSMLS: 3999758Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 7
Baths: 3 Full
Garage: 7-Car
Year Built: 1930
Acres: 0.21
Property Tax: $12,661
Description
2-family Investment Opportunity In Passaic, Nj, Perfect For Investors Or First-time Buyers Seeking Strong Rental Income. This Extraordinary Oversized Property Features A Beautifully Maintained Two-family Home That Blends Modern Design With Everyday Comfort, Ideal For Buyers Looking For Built-in Rental Assistance To Help Offset Mortgage Costs. The Entire Home, Including The Attic And Basement, Has Been Newly Renovated, Offering Fresh, Move-in-ready Spaces Throughout. Unit 1 Offers 2 Bedrooms, 1 Full Bathroom, A Formal Living Room, Dining Room, A Beautifully Updated Kitchen, And A Sturdy Spiral Staircase Leading To A Full Finished Basement For Added Functional Space. Unit 2 Includes 3 Bedrooms, 1 Full Bathroom, And A Spacious Living Room, While The Finished Attic Provides 2 Additional Rooms And 3 Large Closets For Valuable Bonus Space. The Huge Lot Includes 6 Outdoor Parking Spaces And A Remarkable 7-car Garage That Can Fit Up To 12 Vehicles, Ideal For Car Collectors, Contractors, Or Additional Rental Income. The Property Is Exceptionally Clean And Well-kept, Featuring Generous Outdoor Space, A Brand-new Patio, And A New Roof. Current Rent Is Below Market Value, Offering Immediate Upside For Investors. Located In A Prime Area Of Passaic, It Is Close To Public Transportation, Parks, Schools, Shopping, Places Of Worship, And Offers Easy Access To Major Highways And Nyc Transportation. Don't Miss This Rare Gem!!
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Finished, Full
Interior:
Bar-Dry, Carbon Monoxide Detector, Chandelier, High Ceilings, Marble Floors, Walk-In Closet
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
50X187
Lot Desc:
Level Lot
Parking
Garage Capacity:
7-Car
Description:
Oversize Garage
Parking:
Concrete Strip
Spaces Available:
6
Unit 1
Bedrooms:
2
Bathrooms:
2
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Family Room, Laundry Room, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Attic, Bedrooms, Eat-In Kitchen, Family Room, Living Room, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
1 Unit, Central Air, Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Passaic City
Neighborhood:
n/a
Financial Considerations
List Price:
$1,599,000
Tax Amount:
$12,661
Land Assessment:
$96,800
Build. Assessment:
$210,300
Total Assessment:
$307,100
Tax Rate:
4.12
Tax Year:
2024
Listing Information
MLS ID:
3999758
List Date:
12-01-2025
Days On Market:
0
Listing Broker:
WEICHERT REALTORS
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MeadowsRoxbury.com
