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$ 1,495,000
Est. payment | /mo
10 Beds
5.5 Baths
3,484 Sqft Lot
$ 1,495,000
Est. payment | /mo
10 Beds
5.5 Baths
3,484 Sqft Lot
Key Details
Property Type Multi-Family, Commercial
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 4061603
Style See Remarks
Bedrooms 10
Full Baths 5
Half Baths 1
Year Built 1910
Annual Tax Amount $15,317
Tax Year 2025
Lot Size 3,484 Sqft
Property Description
Exceptional multifamily investment opportunity in the highly desirable City of Summit, NJ! This property features 5 legal residential units with the potential for a 6th unit, subject to municipal approvals. The building offers a desirable unit mix of five 2-bedroom apartments and one 1-bedroom apartment, including the potential 6th unit. Ideally located approximately 10 minutes from the Summit train station and just 5 minutes from the vibrant downtown district, offering convenient access to an outstanding selection of restaurants, boutique shops, cafes, entertainment, and everyday amenities. Summit is known for its charming downtown, beautiful parks, thriving local businesses, and excellent transportation options, including NJ Transit's Midtown Direct service to New York City. Conveniently located near major highways, including Routes 24 and 78, providing easy access throughout Northern New Jersey. This property presents an excellent opportunity for investors seeking an income-producing asset with additional value-add potential in one of Union County's most sought-after communities. A rare opportunity to own a multifamily property in a prime Summit location!!!
Location
State NJ
County Union
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Brick, Metal Siding
Utilities Available All Underground
Roof Type Flat
Garage No
Building
Sewer Public Sewer
Water Public Water
Architectural Style See Remarks
Schools
Elementary Schools Summit Ms
Middle Schools Summit Hs
Others
Senior Community No
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Listed by ELITE REALTORS OF NEW JERSEY
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