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 market in the area.
  1. Listed by JILL BIGGS • COLDWELL BANKER REALTY

Property Details for 182 Summit Avenue

Architectural Style
Multi-Level
Type Of Parking
2 Cars, 3+ Cars, Garage
Area
JC, Journal Square
Heating & Cooling
A/C Window

Location

Listing Courtesy of COLDWELL BANKER REALTY, JILL BIGGS
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LISTING UPDATED: 04/19/2024 01:29 PM

Property Details for 182 Summit Avenue

StatusActive
MLS #240007275
Days on Market13
Taxes$14,660 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type3-4 FAMILY / 3 Family
Year Built-
Lot Size0.13 AC / 5,811 SF
CountyHudson County

Location

Listing Courtesy of COLDWELL BANKER REALTY, 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
  • Address: 182 SUMMIT AVE
  • Address Number: 182
  • Address Search Number: 182
  • Between: Fairmount Ave & Clifton Pl
  • Inclusions: Appliances and light fixtures as installed
  • Section: Journal Square
  • Street Name: SUMMIT AVE
  • City Name: JC, Journal Square
  • County Or Parish: Hudson
Taxes and HOA Information
  • LVT Date: 04-19-2024
  • Taxes: $14,660
Property
Lot Information
  • Block: 15302
  • Lot: 14
  • Lot Dimensions: 32.85X176.92
Property and Assessments
  • Associated Document Count: 5
  • Charge: Y
  • Exclusions: All personal possessions.
Utilities
  • Water Sewer Expense Yr: 4500
Interior and Exterior Features
Exterior Features
  • Exterior: Aluminum/Vinyl
Interior Features
  • Basement Description: Finished
  • Fl1 Rooms: 5
  • Fl2 Rooms: 9
  • Fl3 Rooms: 5
  • Fl4 Rooms: 5
  • Floor 1 Bedrooms: 2
  • Floor 1 Dining Rooms: 1
  • Floor 1 Full Baths: 1
  • Floor 1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 1800
  • Floor 2 Bedrooms: 6
  • Floor 2 Dining Room: 1
  • Floor 2 Full Baths: 3
  • Floor 2 Half Baths: 1
  • Floor 2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 4500
  • Floor 3 Bedrooms: 2
  • Floor 3 Dining Rooms: 1
  • Floor 3 Full Baths: 1
  • Floor 3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Floor 3 Rent: 1950
  • Floor 4 Bedrooms: 2
  • Floor 4 Dining Rooms: 1
  • Floor 4 Full Baths: 1
  • Floor 4 Kitchens: 1
  • Floor 4 Living Rooms: 1
  • Floor 4 Rent: 1300
  • Total Dining Rooms: 4
  • Total Kitchens: 4
  • Total Living Rooms: 4
  • Total Other Rooms: 0
  • Num of Baths: 7
  • Half Baths Total: 1
  • Full Baths Total: 6
  • Num Full Baths: 6
  • Num Half Baths: 1
  • Bedrooms Total: 12
Multi Family
Multi-Family Information
  • Insurance Expense Year: 1800
  • Other Expense Year: 500

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.

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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 REALTY, it's currently listed at $2,499,000. It has been on the market for a total of 13 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 REALTY, JILL BIGGS

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