182 Summit Avenue

Jersey City, NJ 07304

$2,499,000
Price
12
Beds
6
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Income-Producing Multi-Family Opportunity with Development Potential Located on bustling Summit Avenue, this versatile property offers an incredible investment opportunity. Currently configured as an income-producing multi-family with split utilities, the property features bounce units ideal for owner-occupants or the potential to tear down and develop into condos. Prime Location Situated near transportation hubs, restaurants, parks, and all the amenities Summit Avenue has to offer, this property...Income-Producing Multi-Family Opportunity with Development Potential Located on bustling Summit Avenue, this versatile property offers an incredible investment opportunity. Currently configured as an income-producing multi-family with split utilities, the property features bounce units ideal for owner-occupants or the potential to tear down and develop into condos. Prime Location Situated near transportation hubs, restaurants, parks, and all the amenities Summit Avenue has to offer, this property is in the heart of the action. Parking and Garage The property boasts ample parking with 5 spots in the front and a convenient 2-car detached garage in the back, providing added convenience and value. Under Market Rent Currently collecting under market rent, there is potential to increase income immediately. Development Potential With its flexible layout and development-friendly location, this property presents a rare chance to capitalize on the booming real estate mar
  1. Listed by Jill Biggs • Coldwell Banker, Hoboken • (201) 212-5026

Property Details for 182 Summit Avenue

Waterfront
None
Garage
O/See Remk, Park Space

Location

Listing Courtesy of Coldwell Banker, Hoboken, Jill Biggs
Add your commute
LISTING UPDATED: 04/19/2024 07:36 AM

Property Details for 182 Summit Avenue

StatusActive
MLS #24011688
Days on Market31
Taxes$14,660 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built-
Lot Size0.13 AC / 5,811 SF
CountyHudson County

Location

Listing Courtesy of Coldwell Banker, Hoboken, Jill Biggs
Add your commute

Building Information for 182 Summit Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.13 AC / 5,811 SF

Payment Calculator

$14,860 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,638

Property Taxes

$1,222

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 182 Summit Avenue

Summary
Location and General Information
  • Area: 0906
  • Area name: Jersey City
  • Flood plain: None
  • Street Name: Summit
  • County Name: HUDSON
  • Status: ACTIVE
  • Street Number Numeric: 182
  • Zip Code: 07304
Taxes and HOA Information
  • Tax: $14,660
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 5811.0
  • Lot: 00014
  • Year Built: 1970's
  • Views exposure: None
  • Lot Description: Irregular
  • Miscellaneous: None
  • Block: 15302
Property and Assessments
  • Photo: Y
  • Photo Number: 35
  • CourtAppYN: No
Utilities
  • Sewer: Municipal
  • Utilities: O/See Rmks
  • Heatcool: Baseboard, Electric, Gas, Other Fuel Source/See Rmks
  • Cooling Type: Baseboard, Electric, Gas, Other Fuel Source/See Rmks
Interior and Exterior Features
Interior Features
  • Bedrooms: 12
  • Baths full: 6
  • Baths partial: 1
  • Ground Floor: Living room, Kitchen, Dining room, Bedrooms, Bathrooms
  • Floor 1St: Living room, Kitchen, Dining room, Bedrooms, Bathrooms
  • Floor 2Nd: Living room, Kitchen, Dining room, Bedrooms, Bathroom
  • Floor 3Rd: Living room, Kitchen, Dining room, Bedrooms, Bathroom
  • Basement: None
  • Basement Description: 2 bonus units *not included in total rent*
  • Number of rooms: 28
  • Laundry: None
  • Lifestyle: Close/Parks, Close/School, Close/Trans, Close/Wrshp
  • Full Baths Total: 7
  • Num of Baths: 6.1
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Item Not Included: All personal possessions.
  • Items Included: Appliances and light fixtures as installed
  • Search Class: 2to4
  • List Price: $2,499,000.00
  • Listing Date: 04-19-2024
  • Status Date: 04-19-2024
Showing Information
  • Internet Remarks: **Income-Producing Multi-Family Opportunity with Development Potential** Located on bustling Summit Avenue, this versatile property offers an incredible investment opportunity. Currently configured as an income-producing multi-family with split utilities, the property features bounce units ideal for owner-occupants or the potential to tear down and develop into condos. **Prime Location** Situated near transportation hubs, restaurants, parks, and all the amenities Summit Avenue has to offer, this property is in the heart of the action. **Parking and Garage** The property boasts ample parking with 5 spots in the front and a convenient 2-car detached garage in the back, providing added convenience and value. **Under Market Rent** Currently collecting under market rent, there is potential to increase income immediately. **Development Potential** With its flexible layout and development-friendly location, this property presents a rare chance to capitalize on the booming real estate mar
Rental
Rental Information
  • Ground Floor Lease: month to month
  • Floor Lease 1St: month to month
  • Floor Lease 2Nd: month to month
  • Floor Lease 3Rd: month to month

Property History for 182 Summit Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 182 Summit Avenue

Taxable ValueLand$258,800Additions$393,600Total$652,400
Tax Record2022$13,818 ($1,151 / month)
Home Facts
Total Finished SqFt5,068 SqFtAbove Grade Finished SqFt5,068 SqFtStories3Lot Size5,811 SqFtStyleQuadraplexYear Built1887ZoningR-2CountyHUDSONAPN06 15302-0000-00014

Schools near 182 Summit Avenue

This home is within Jersey City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
James J. Ferris High School
Public9 to 12

William L. Dickinson High School
Public9 to 12

Liberty 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.

Similar Homes

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182 Summit Avenue is a multi-family home for sale in Jersey City, NJ 07304. This property was listed for sale on April 19, 2024 by Coldwell Banker, Hoboken, it's currently listed at $2,499,000. It has been on the market for a total of 31 days and was last sold on July 6, 2005. This listing's school district is Jersey City Public School District. Nearby schools include Joseph H. Brensinger No. 17 Elementary School, James J. Ferris High School and William L. Dickinson High School. 182 Summit Avenue is a 12-bed, 6.5-bath, multi-family home.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker, Hoboken, Jill Biggs

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/20/2024 01:25 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.