2 Hillside Avenue

Summit NJ 07901

Duplex

Currently for sale - view listing

Overview

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. Fire Places are as-is.

Features

7 bedrooms

5 bathrooms

3 carspaces

3 garage spaces

Duplex

Property history for 2 Hillside Avenue

2022

Sold

Undisclosed

28 Dec 2022 by Aisha Kaloshi, of Weichert, Realtors - Summit

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Local market activity for 7 bedroom duplexes in Summit

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Ian Wolf

at Keller Williams Realty Metropolitan

View listing

Sales:: (619) 566-0008

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