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In-PersonVirtual Tour
$ 1,750,000
Est. payment /mo
Open Sat 1PM-3PM
1158 SUMMIT AVE Jc Heights, NJ 07307
12 Beds
5 Baths
Open House
Sat Jan 24, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260001028
Bedrooms 12
Full Baths 5
HOA Fees $4/mo
Annual Tax Amount $15,889
Property Sub-Type 4 Family
Property Description
Exceptional 4-Family Investment Opportunity in the Heights of Jersey City! 1158 Summit Ave is a legal four-family property located in one of Jersey City Heights' most desirable and high-demand neighborhoods. This asset offers immediate income with significant upside for both investors and owner-occupants. The property features a strong rent roll with units responsible for their own utilities, keeping operating expenses low. Two units are recently renovated, where one is vacant and ready for occupancy. The other two remaining units present an excellent value-add opportunity through future updates and rent increases. An investor looking to rent out all units can achieve approximately $10,000/month in current gross income, with the potential to reach over $12,000/month once all units are renovated and rented at market value. For an owner-occupant, this is a rare chance to live in a vacant unit while collecting approximately $6,000/month in rental income, immediately and substantially offsetting monthly housing expenses. Conveniently located near transportation, shopping, dining, and parks, this property checks all the boxes for long-term appreciation, cash flow, and flexibility. Ideal for investors, 1031 exchange buyers, or savvy owner-occupants seeking strong income in a prime Jersey City location. Don't miss this high-performing multi-family opportunity in the Heights!
Location
State NJ
County Hudson
Area Jc Heights
Rooms
Basement Finished, Full
Interior
Heating A/C Central, Hot Air
Cooling A/C Central, Hot Air
Exterior
Exterior Feature Aluminum/Vinyl
Parking Features None
Listed by KELLER WILLIAMS CITY VIEWS