Property
Summit City, NJ 07901 106 Park Ave
$1,020,000
8 more
Presented By: COMPASS NEW JERSEY, LLC; 908-868-3372
Beds • 7
Full/Half Baths • 4 / 1
Home Details
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!
Presented By: COMPASS NEW JERSEY, LLC; 908-868-3372
Interior Features for 106 Park Ave
Bedrooms
Total Bedrooms7
Unit 1 Beds Total2
Unit 2 Beds Total1
Unit 3 Beds Total3
Unit 4 Beds Total1
Bathrooms
Half Baths1
Unit 1 Baths Total1.1
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft999
Unit 2 Sq Ft999
Unit 3 Sq Ft999
Unit 4 Sq Ft999
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels2
Unit 4 Levels2
UnitType1TotalRent1780
UnitType2TotalRent1420
UnitType3TotalRent2300
Unit 4 Fireplaces0
Unit 4 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Electric, Refrigerator, Smoke Detector
Unit 3 Appl/EquipCarbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
BasementFull, Unfinished
Fuel TypeGas-Natural
Other Rooms
Unit 4 Rooms4
Unit 2 Rooms3
Unit 1 Rooms4
Unit 3 Rooms5
Unit 3 Room DescriptionBedrooms, Eat-In Kitchen, Family Room, Master Bedroom
Unit 1 Room DescriptionBedrooms, Den, Eat-In Kitchen, Master Bedroom
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Family Room
Unit 4 Room DescriptionBedrooms, Den, Eat-In Kitchen, Living Room
General for 106 Park Ave
Architectural Style3-Three Story
CoolingWindow A/C(s)
CountyUnion
DirectionsBroad Street to Park Avenue across from Summit Hardware
Drive1 Car Width
EasementUnknown
Elementary SchoolJefferson
Farm AssessmentNo
Full Baths4
Garage Spaces
Gross Income82800
Heating2 Units, Radiators - Steam
High SchoolSummit HS
Home Warranty Y/NNo
Middle/Junior High SchoolSummit MS
Net Operating Income63000
Number Of Units Total4
Open Parking Spaces3
Operating Expense19800
PossessionSee Remark
RoofAsphalt Shingle
ServicesCable TV Available, Fiber Optic Available, Garbage Included
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount8860
Tax Assessed Value203400
Tax Lot3
Tax Year2024
Total Rooms16
Town #2918
TownshipSummit City
UtilitiesElectric, Gas-Natural
Water HeaterGas
Year Built1920
Exterior for 106 Park Ave
Exterior DescriptionClapboard
Lot Dimensions50X58
Lot FeaturesLevel Lot
Lot Size Acres0.07
Water SourcePublic Water
Additional Details
Price History
Schools
Elementary School
Jefferson Elementary School
High School
Summit HS
Middle School
Summit MS
Catarina Gomes
Associate