2 Hillside AVE, Summit, NJ 07901
2 Hillside AVE, Summit, NJ 07901
2 Hillside AVE, Summit, NJ 07901
42
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Listed by Ian A. Wolf Keller Williams Realty Metropolitan
$1,800,000
Est. payment /mo
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7 Beds
5 Baths
New

2 Hillside AVE Summit, NJ 07901

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MorrisAgent Team

MorrisAgent Team

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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

New Jersey MLS (NJMLS)
MorrisAgent Team
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2 Hillside AVE