47 Park Ave,
Summit City NJ

4 beds | 4 baths | 0.11 Acres | MLS/ID#: 3514232

Description

Rare multi-family investment opportunity in desirable Summit presents four one-bedroom apartments occupied by long-term tenants. Centrally located near Midtown Direct trains, downtown shopping and Overlook Hospital. Well-maintained building with laundry facilities, tenants pay their own utilities except water. On-site and street parking available. Consistent income in Summit’s strong rental market. 

Bedrooms 4
Full Bathrooms 4
Property Type Multi-Family
Year Built 1920
Acreage 0.11
Taxes $9,358 (2017)
 

Schools

Elementary Brayton
High Summit HS
Middle Summit MS
 
Number of Rooms 12
Basement Yes
Basement Desc. Full, Unfinished
Renovation Year 1999
Community Living No
 
  • Carpeting
  • Walk-In Closet
  • Fire Alarm Sys
  • Tile Floors
  • Blinds
  • Wood Floors
  • CO Detector
  • High Ceilings

Heating

  • 4 Units
  • Baseboard - Hotwater

Fuel type

  • Gas-Natural

Cooling

  • Window A/C(s)
  • Ceiling Fan

Water

  • Public Water

Water heater

  • Gas

Sewer

  • Public Sewer

Sewer

  • Cable TV Available
  • Fiber Optic Available
  • Garbage
  • ThrmlW&D
  • Sidewalk
  • FencVnyl
  • OpenPrch

Driveway

  • 1 Car Width
  • Parking Lot-Exclusive
  • Crushed Stone
  • Blacktop
  • Driveway-Exclusive

Roof

  • Rubberized

Lot

  • Level Lot

Listing Agent

Photo of Christina McGeough

Questions?

201-400-9844

cmcgeough@turpinrealtors.com

Summit, NJ real estate market

About

Incorporated as a city in 1899, Summit is located about 20 miles west of New York City. This six-square-mile Union County town has a population of approximately 21,000, many of whom commute to Manhattan on a daily basis. Its reputation as an affluent community is backed up by the 2000 Census which identified Summit as having the 16th highest income among New Jersey’s 566 municipalities. Summit is surrounded by other upscale locales including Millburn, Chatham, New Providence and Berkeley Heights.

The heart of Summit’s downtown is Springfield Avenue, where sidewalk cafes, boutiques, and restaurants are joined by spas, art galleries and magnificent turn-of-the-century homes.  Summit sponsors special events all year ‘round, from 5K runs for charities to specially-themed weekends like Murder Mystery or Girls’ Night Out.

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Properties sold nearby

*Information provided by GSMLS is deemed reliable but not complete. May not include all transactions

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