SQUARE FEET4,300
MLS#4061720
STATUS
PROPERTY TYPECommercial - Multiple
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!!!
Property Features
Property Type: Commercial - Multiple
Basement: Yes
Basement: Finished
Cooling: Window A/C(s)
Fuel Type: Gas-Natural
Heating: Radiators - Steam
Lot Size: 0.08 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $15,317
Year Built: 1910
Feature Descriptions
Days on Site: 10
Equipment Available: Fire Alarm, Refrigeration Unit, Restrooms - Private
Exterior: Aluminum, Brick
Location: Business District, Residential Area
Lot Dimensions: 0.08 acre(s)
Max Door height: 8
Parking: Blacktop, Driveway-Shared
Sewer: Public Sewer
Units: 6
Utilities: All Underground
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: ELITE REALTORS OF NEW JERSEY
Agency Contact: 201-572-5754
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
57 Park Ave | MLS# 4061720
This commercial property located at 57 Park Ave, Summit, NJ 07901 is currently listed for sale with an asking price of $1,495,000. Search Summit real estate on www.realtymarkllc.com today.