$1,888,000

24 Franklin Pl, Summit City, NJ 07901

  • 6 beds |
  • 5 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1898
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

Welcome to a sun-filled & well-maintained four-unit multifamily home with 3 vacant units, (can be delivered fully vacant), a front lawn & backyard, located in the heart of Summit, a short walk to Summit Train Station & Downtown. Ideal for owners/renters who commute to Manhattan, Wall Street, etc. The Summit schools are highly rated & among the Best. The 1st floor has 2 one-bedroom apartment units. Unit A has one bedroom, one bath, & one living room sun drenched by panoramic bay-window. The living room & bedroom are separated by a French door. These rooms are spacious. Apartment B has one bedroom, one living room, a bath & one large oversized kitchen w/ large dining area. The entire 2nd floor is a newly remodeled 3 bedroom unit w/ a huge living room, ideal for owner occupancy or rental. The spaciously remodeled kitchen, the new wood floors In living room & spacious 3 bedrooms add to the charm of this beautiful unit. The coffered ceiling adds to the beauty of this unit. 2 bathrooms, 3 bedroom rental units are rare & valuable in Summit, commanding premium rents. On the 3rd floor is the remodeled 4th unit w/new HW floors. The bedroom is comfortable & the living room is spacious. The new kitchen has new appliances. This building commands premium rents due to proximity to train station & downtown. The 8 parking spaces bring in additional income, commuters prefer to rent the assigned spaces. Possible conversion to 5 units & condo plans drawn up by architect. Great Potential!!!

Listing Status:
Active
Listing Office:
WEICHERT REALTORS : 973-376-4545
MLS ID:
4001836
  • General: BlindsCarbon Monoxide DetectorCarpetingFire ExtinguisherHigh CeilingsSmoke DetectorTile FloorsWood Floors
  • Basement: FullUnfinished
  • A/C: Window A/C(s)
  • Heating: 3 UnitsBaseboard - HotwaterRadiators - Hot WaterElectricGas-Natural
  • General: Aluminum SidingCurbsDeckSee RemarksSidewalkStorm Window(s)Thermal Windows/Doors
  • Parking: Parking spaces: 8
  • Roofing: Asphalt ShingleFlat
  • County: Union
  • Driveway: 2 Car WidthAssignedBlacktop
  • Zoning: Residential2918-03401-0000-00017-0000-
  • Utilities: ElectricGas-Natural
  • Water: Public Water
  • Sewer: Public Sewer
  • Exclusions: None

This listing courtesy of WEICHERT REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lincoln-Hubbard Elementary School

52 Woodland Ave, Summit, NJ, 07901

Grades 1-5

0.51 miles away

L

Lawton C. Johnson Summit Middle School

272 Morris Ave, Summit, NJ, 07901

Grades 6-8

0.42 miles away

S

Summit High School

125 Kent Place Blvd, Summit, NJ, 07901

Grades 9-12

0.99 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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#3994891 - SERHANT NEW JERSEY LLC