57 Park Ave, Summit City, NJ 07901

$1,495,000
10
BD
5.1
BA
List Price
$1,495,000
Days on Market
0
Status
COMING SOON
MLS#
4061603
Bedrooms
10
Bathrooms
5.1
Full Baths
5
Half Baths
1
Lot Size (Acres)
0.08
Year Built
1910
County
Union

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. 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!

Additional Information

Elementary School
Summit MS
Middle School
Summit HS
Heating
Radiators - Steam
Cooling
Wall A/C Unit(s)
Roof
Flat
Utilities
All Underground
Water
Public Water
Sewer
Public Sewer

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy Of ELITE REALTORS OF NEW JERSEY, Contact: 201-572-5754