24 Franklin Pl, Summit, NJ 07901

$1,688,000
Active for Sale
 
Listing ID 11838198
Property Type Multi-Unit
County Union
Township Summit City
Total Tax $16,354
FEMA Flood Map fema.gov/portal
Year Built 1898
   
Virtual Tour

6 BR | 5 BA | 3-Three Story | Summit

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!
Property Details
  • 6 Total Bedrooms
  • 5 Full Baths
  • 3712 SF (AG)
  • 0.27 Acres
  • Built in 1898
Exterior Features
  • Deck
Community Details
  • Basement Access
Taxes and Fees
  • $16,354 Total Tax
Listed By
Weichert, Realtors - Short Hills
Office: 973-376-4545
Mobile: 201-306-1357
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