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Listed by Ian A. Wolf Keller Williams Realty Metropolitan
$ 1,800,000
Est. payment /mo
Open Sat 11AM-12PM
2 Hillside AVE Summit, NJ 07901
7 Beds
5 Baths
Open House
Sat Aug 15, 11:00am - 12:00pm
Sun Aug 16, 11:00am - 12:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26030677
Style 4 Family
Bedrooms 7
Full Baths 5
Property Sub-Type 4 Family
Property Description
It really doesn't get better than this! Rare legal 4-family investment property just .3 miles from the heart of downtown Summit, offering an exceptional combination of location, character, and income potential. This stately 1890 Victorian features 7 bedrooms and 5 full baths across four apartments: two 1-bedroom units, one 2-bedroom unit and one 3-bedroom unit. Three units are tenant occupied with leases extending into 2027, while the owner-occupied 1-bedroom has a projected market rent of approximately $2,100. Kitchens and baths throughout were updated in 2023-2024, blending modern finishes with the home's original Victorian character. Tenants pay their own electric plus a monthly utility charge toward other building utilities. Each apartment has dedicated basement storage and one off-street parking space. Additional highlights include a detached garage, shared pay-per-use laundry, approximately 5-year-old boiler, two 2020 water heaters and approximately 10-year-old roof. Period details, including decorative fireplaces (as-is), stained glass and a beautiful covered front porch, add to the appeal. An extraordinarily convenient location just moments from Summit's vibrant downtown, NJ Transit, restaurants, shopping, Farmers Market (across the street) and more. A truly special opportunity in one of Summit's most desirable locations. Please note that some of the interior apartment photos have been digitally altered to remove tenants' belongings.
Location
State NJ
County Union
Interior
Laundry Basement, Coin/Card
Exterior
Garage Spaces 1.0
Others
Virtual Tour https://www.seetheproperty.com/r/495718
