665 Summit Ave
JC Heights
NJ,
07306
$885,000
5 Full Baths
Investors and those in need of 1031 exchange properties!! 4 family! Certificate of occupancy approving 4 family issued 10-15-2021. NJDCAcertificate of registration as 4 unit residential isssued July 2021. 3/4 apartments rented. Cottage(1 bedroom/1 bath, livingroom kitchen)-$1350, Cottage tenants have been in residents @7 years 1stfl (2 large bedroom.2bath, living room, kitchen)=$1750, 1st floor tenants lease started this past October 2020 2ndfl(1 large & 1 small bedroom/1 bath, livingroom, dining room, kitchen)=$1650 2nd floor tenants lease started March 2020 Studio vacant (Total= $4750 rental income) Seperate utilities, tenants pay their own heat hot, water, electric and cable. Studio when rented will increase investment opportunity ( anticipated studio rent @ $1250) Oversized lot, Unique Jc opportunity 2 buildings on 1 lot, a 1 bedroom cottage w/full basement., & 1building has 3 apartments, All units freshly painted, bathrooms in nice condition, 1 new gas furnace, (oil tank removed, ) 1 new electric water heater, new electric base board& water heater=studio, 1 newer gas water heaterin cottage, 4 new electric meeters. Basic apartments w/ stove & refrigerator in each rented unit (ez maintainance for owner). Each unit has their own private entrance. 1 new ac wall unitin 1st flunit. Gas heat in 3 units/New electric heat system in studio. New black Awning! 4 blocks to Path, 8 to Pershing field/small court yard for tenants to share. All work down w/permits & licensed contractors. Initial showings are virtual to protect tenants from exposure to covid. 360 tour links to be provided upon request. This newly zoned 4 family home/investment recently received CofO(see above) & certificate of registration issued by NJDCA see attached. Some photos are virtually staged when previously advertised for rent also to denote space. Survey & seller's disclosure uploaded to mls. Virtual tours & 3 d floorplans of each unit available upon request.