1017 Summit Avenue

Union City, NJ 07087

$900,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment opportunity in vibrant Union City! This mixed-use building features 5 residential units, all fully occupied, and a versatile commercial space spanning over 1,100 sq ft on the ground floor currently rented to a lucrative nail salon. Situated in a high-demand location with easy access to public transit, shopping, dining, and more. A solid investment with both income-generating and value-add possibilities! Don't miss this unique opportunity! 6.7% Cap Rate at list price. Larger rent increases...Investment opportunity in vibrant Union City! This mixed-use building features 5 residential units, all fully occupied, and a versatile commercial space spanning over 1,100 sq ft on the ground floor currently rented to a lucrative nail salon. Situated in a high-demand location with easy access to public transit, shopping, dining, and more. A solid investment with both income-generating and value-add possibilities! Don't miss this unique opportunity! 6.7% Cap Rate at list price. Larger rent increases possible with capital improvements.
  1. Listed by Lauren Sosa • Keller Williams Park Views
    P: (551)-655-1904 LSosaHerrera@kw.com

Property Details for 1017 Summit Avenue

Sub style
Rtl/Apt
LISTING UPDATED: 01/02/2025 10:04 AM

Property Details for 1017 Summit Avenue

StatusActive - Active
MLS #24036950
Days on Market44
Rental Incentives-
Available Date-
Lease Term-
Furnished-
Compass TypeMixed Use
MLS Type5+ Mixed Use
Year Built-
Lot Size-
CountyHudson County

Virtual Tour

Property Information for 1017 Summit Avenue

Summary
Location and General Information
  • Area name: Union City
  • Street Name: Summit
  • County Name: HUDSON
  • Status: Active
  • Street Number Numeric: 1017
  • Zip Code: 07087
Taxes and HOA Information
  • Other Charges: True
  • Tax: $14,405
Property
Lot Information
  • Year Built: 1900-1939, Build Prior to 1978
  • Propertype ro: Gas, Sewer
Property and Assessments
  • Photo Number: 33
  • CourtAppYN: No
Interior and Exterior Features
Interior Features
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
Agent
Sale and Listing Information
  • Management Phone: (551) 655-1904
  • Search Class: MIX, 5+ Mixed Use
  • List Price: $900,000.00
  • Listing Date: 11-19-2024
Showing Information
  • Internet Remarks: Investment opportunity in vibrant Union City! This mixed-use building features 5 residential units, all fully occupied, and a versatile commercial space spanning over 1,100 sq ft on the ground floor currently rented to a lucrative nail salon. Situated in a high-demand location with easy access to public transit, shopping, dining, and more. A solid investment with both income-generating and value-add possibilities! Don't miss this unique opportunity! 6.7% Cap Rate at list price. Larger rent increases possible with capital improvements.
Rental
Rental Information
  • Owner pays: Common Area, Water

Property History for 1017 Summit Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1017 Summit Avenue

This home is within Union City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 1 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Thomas A. Edison Elementary School
PublicPK to 6

Sara M. Gilmore Academy
Public1 to 8

Emerson Middle School
Public6 to 8

Union City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

1017 Summit Avenue is available for rent in Union City, NJ 07087. This property was listed on November 19, 2024 by Keller Williams Park Views, it's currently listed at $900,000. This listing's school district is Union City School District. Nearby schools include Thomas A. Edison Elementary School, Sara M. Gilmore Academy and Emerson Middle School. 1017 Summit Avenue is a 0-bed, 0-bath, a property.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the owner. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Park Views, Lauren Sosa

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