1017 Summit Avenue
$900,000
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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.
- Listed by Lauren Sosa • Keller Williams Park ViewsP: (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
Status | Active - Active |
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MLS # | 24036950 |
Days on Market | 44 |
Rental Incentives | - |
Available Date | - |
Lease Term | - |
Furnished | - |
Compass Type | Mixed Use |
MLS Type | 5+ Mixed Use |
Year Built | - |
Lot Size | - |
County | Hudson County |
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Property Information for 1017 Summit Avenue
Property History for 1017 Summit Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
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Public - | PK to 6 | |||
Public - | 1 to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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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.