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.
Property Features
Heating Information
Baseboard
Natural Gas
Utilities
Cable Available
Natural Gas Available
Parking
Off Street
Detached
Basement
Unfinished
Walk-Out Access
Cooling Information
Window Unit(s)
Water Features
Public
House Interior
Walk-In Closet(s)
School Information
School Information for 2 Hillside Ave, Summit City, NJ 07901
Elementary School
Lincoln-Hubbard
Middle School
Summit MS
High School
Summit HS
Listing Courtesy: KELLER WILLIAMS METROPOLITAN - 973-539-1120