Courtesy: ELITE REALTORS OF NEW JERSEY
973-994-9009
Exceptional multifamily investment opportunity in the highly desirable City of Summit, NJ! This property features 5 legal residential units with the potential for a 6th unit, subject to municipal approvals. The building offers a desirable unit mix of five 2-bedroom apartments and one 1-bedroom apartment, including the potential 6th unit. Ideally located approximately 10 minutes from the Summit train station and just 5 minutes from the vibrant downtown district, offering convenient access to an outstanding selection of restaurants, boutique shops, cafes, entertainment, and everyday amenities. Summit is known for its charming downtown, beautiful parks, thriving local businesses, and excellent transportation options, including NJ Transit's Midtown Direct service to New York City. Conveniently located near major highways, including Routes 24 and 78, providing easy access throughout Northern New Jersey. This property presents an excellent opportunity for investors seeking an income-producing asset with additional value-add potential in one of Union County's most sought-after communities. A rare opportunity to own a multifamily property in a prime Summit location!!!
Courtesy: KELLER WILLIAMS REALTY
908-273-2991
Location, location, location! Perfect spot for your business needs. Ideal small business site, office or dental office. The 2nd floor space is available.
Summit is located in New Jersey. Summit, New Jersey has a population of 22,598. Summit is more family-centric than the surrounding county with 49.92% of the households containing married families with children. The county average for households married with children is 34.03%.
The median household income in Summit, New Jersey is $151,505. The median household income for the surrounding county is $87,369 compared to the national median of $69,021. The median age of people living in Summit is 39.7 years.
The average high temperature in July is 85.4 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 50.5 inches per year, with 25.1 inches of snow per year.
