24 Franklin Pl
Summit City, NJ 07901
Price: $1,888,000
GSMLS: 4001836Type: Multi-Family
Style: 3-Three Story
Total Units: 4
Beds: 6
Baths: 5 Full
Garage: No
Year Built: 1898
Acres: 0.27
Property Tax: $15,934
Description
Welcome To A Sun-filled & Well-maintained Four-unit Multifamily Home With 3 Vacant Units, (can Be Delivered Fully Vacant), A Front Lawn & Backyard, Located In The Heart Of Summit, A Short Walk To Summit Train Station & Downtown. Ideal For Owners/renters Who Commute To Manhattan, Wall Street, Etc. The Summit Schools Are Highly Rated & Among The Best. The 1st Floor Has 2 One-bedroom Apartment Units. Unit A Has One Bedroom, One Bath, & One Living Room Sun Drenched By Panoramic Bay-window. The Living Room & Bedroom Are Separated By A French Door. These Rooms Are Spacious. Apartment B Has One Bedroom, One Living Room, A Bath & One Large Oversized Kitchen W/ Large Dining Area. The Entire 2nd Floor Is A Newly Remodeled 3 Bedroom Unit W/ A Huge Living Room, Ideal For Owner Occupancy Or Rental. The Spaciously Remodeled Kitchen, The New Wood Floors In Living Room & Spacious 3 Bedrooms Add To The Charm Of This Beautiful Unit. The Coffered Ceiling Adds To The Beauty Of This Unit. 2 Bathrooms, 3 Bedroom Rental Units Are Rare & Valuable In Summit, Commanding Premium Rents. On The 3rd Floor Is The Remodeled 4th Unit W/new Hw Floors. The Bedroom Is Comfortable & The Living Room Is Spacious. The New Kitchen Has New Appliances. This Building Commands Premium Rents Due To Proximity To Train Station & Downtown. The 8 Parking Spaces Bring In Additional Income, Commuters Prefer To Rent The Assigned Spaces. Possible Conversion To 5 Units & Condo Plans Drawn Up By Architect. Great Potential!!!
General Info
Style:
3-Three Story
SqFt Building:
3,712
Total Rooms:
23
Basement:
Yes - Full, Unfinished
Interior:
Blinds, Carbon Monoxide Detector, Carpeting, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Roof:
Asphalt Shingle, Flat
Exterior:
Aluminum Siding
Lot Size:
65X180
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
2 Car Width, Assigned, Blacktop
Spaces Available:
8
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
3 Units, Baseboard - Hotwater, Radiators - Hot Water
Heating Fuel:
Electric, Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available, Garbage Included
School Information
Elementary:
Lincoln-Hu
Middle:
Summit MS
High School:
Summit HS
Community Information
County:
Union
Town:
Summit City
Neighborhood:
Northside Downtown
Financial Considerations
List Price:
$1,888,000
Tax Amount:
$15,934
Land Assessment:
$150,400
Build. Assessment:
$215,400
Total Assessment:
$365,800
Tax Rate:
4.36
Tax Year:
2024
Listing Information
MLS ID:
4001836
List Date:
12-16-2025
Days On Market:
0
Listing Broker:
WEICHERT REALTORS
Listing Agent:
Arlene Gorman Gonnella
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
