Homes for sale - 24 Franklin Pl, Summit City, NJ 07901

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JJ Elek Realty Co.

jjelekrealty@jjelekrealty.com +1(732) 634-9100

$ 1,888,000

Est. payment | -/mo

6 Beds

5 Baths

3,712 SqFt

Save

$ 1,888,000

Est. payment | -/mo

Save

6 Beds

5 Baths

3,712 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,712 sqft

Price per Sqft $508

Subdivision Northside Downtown

MLS Listing ID 4001836

Style 3-Three Story

Bedrooms 6

Full Baths 5

Year Built 1898

Annual Tax Amount $15,934

Tax Year 2024

Lot Size 0.270 Acres

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!!!

Location

State NJ

County Union

Zoning Residential

Rooms

Basement Full, Unfinished

Interior

Interior Features Blinds, Carbon Monoxide Detector, Carpeting, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors

Heating Electric, Gas-Natural

Cooling Window A/C(s)

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Aluminum Siding

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle, Flat

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

Elementary Schools Lincoln-Hubbard

Middle Schools Summit Ms

High Schools Summit Hs

Others

Senior Community No

Listed by WEICHERT REALTORS

+1(732) 634-9100

jjelekrealty@jjelekrealty.com

117 Main Street, United States

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