24 Franklin Pl, Summit City NJ 07901-3657

Residential
Summit City
Property Media
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Property Price
$1,748,000
Bedrooms
6
Year Built
1898
Tax Annual Amount
$16354
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle, Flat
Lot Size Area
0.27
MLS Status
Active
MLS #
4017192

Welcome to a sun-filled & well-maintained four-unit multifamily home w/ 4 vacant units, can possibly be converted to 5 units or converted to Condo! Zoned TH3, great potential, a front lawn & backyard, located in heart of Summit, 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 flr has 2 one-bedrm apartment units. Unit A has 1 bedroom, 1 bath, & 1 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 kitchen w/ large dining area. The entire 2nd floor is a newly remodeled 3 bedr00m 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 baths, 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 bedrm is & 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!

Yearly Tax Rate
4.471
Year Built (*numeric)
1898
Basement
Yes
Roofing (*text)
Asphalt Shingle, Flat
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
Heating
3 Units, Baseboard - Hotwater, Radiators - Hot Water
Lot Size Dimensions
65X180
Property Location

40.71574, -74.3527

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Units: Miles
Origin Coordinates
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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762