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284 Summer St, Passaic, NJ, 07055

7beds
3baths
19,998sqft
$1,499,000
$75price/sqft
$13,510/moest. monthly cost
$540,400/yrincome needed

About This Home

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!!

Getting Around

76
WalkingVery Walkable
52
TransitGood Transit
48
BikeSomewhat Bikeable

Schools

4/10
Number 19 Daniel F RyanGrades 1-80.4 mi
2/10
Passaic High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1930

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2024

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range/Oven - Gas,Refrigerator,Washer
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Dry Bar,Chandelier,High Ceilings,Walk-In Closet(s),Bedrooms,Dining Room,Eat-in Kitchen,Family Room,Living Room,Attic,Eat-In Kitchen
  • Flooring: Marble

Heating & Cooling

  • Heating features: 2 Units,Baseboard - Hotwater,Natural Gas
  • Cooling features: 1 Unit,Central Air,Window Unit(s)

Interior Area

  • Total structure area: 19,998
  • Total interior livable area: 19,998 sqft

Property

Details

  • Parcel number: 2507021900000000200000

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Porch

Lot

  • Lot size: 9,147 sqft
  • Features: Level
  • Lot size dimensions: 50 x 187

Parking

  • Total spaces: 7
  • Parking features: Concrete Strip,Oversized
  • Has garage: Yes
  • Attached garage spaces: 7
  • Covered spaces: 7
  • Uncovered spaces: 6