106 Park Ave
Summit City, NJ 07901
Price: $1,020,000
GSMLS: 3958732Type: Multi-Family
Style: 3-Three Story
Total Units: 4
Beds: 7
Baths: 4 Full & 1 Half
Garage: No
Year Built: 1920
Acres: 0.07
Property Tax: $8,860
Description
Unlock The Potential Of This Spacious 4-family Home, Perfect For Investors Or Owner-occupants Looking To Generate Rental Income. This Property Features 6 Bedrooms And 4.5 Bathrooms Across Four Well-maintained Units, Offering A Mix Of Comfort And Functionality For Tenants.situated In A Desirable, High-demand Rental Area, This Property Is Close To Public Transportation, Schools, Shopping, And Dining Options. The Neighborhood Is Known For Its Safety, Cleanliness, And Strong Rental Market, Ensuring Consistent Cash Flow And Long-term Appreciation.whether You're A Seasoned Investor Or Looking To Start Your Portfolio, This Property Offers Great Income Potential With Room For Value-add Opportunities. Don't Miss Out On This Rare Chance To Own A Multi-family Gem In A Thriving Community!
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
16
Basement:
Yes - Full, Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Clapboard
Lot Size:
50X58
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
1 Car Width
Spaces Available:
3
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Den, Eat-In Kitchen, Master Bedroom
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Family Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Electric, Refrigerator, Smoke Detector
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Family Room, Master Bedroom
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
1
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Den, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Utilities
Heating:
2 Units, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available, Fiber Optic Available, Garbage Included
School Information
Elementary:
Jefferson
Middle:
Summit MS
High School:
Summit HS
Community Information
County:
Union
Town:
Summit City
Neighborhood:
n/a
Financial Considerations
List Price:
$1,020,000
Tax Amount:
$8,860
Land Assessment:
$70,200
Build. Assessment:
$133,200
Total Assessment:
$203,400
Tax Rate:
4.36
Tax Year:
2024
Listing Information
MLS ID:
3958732
List Date:
04-24-2025
Days On Market:
6
Listing Broker:
COMPASS NEW JERSEY, LLC
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHillsRockaway.com
