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About this home
RARE chance for you to own a turnkey 2 family rental property in Summit!! This house was extensively renovated in 2024 and features two side by side units, each with 2 floors of living. Each unit has 3 beds 1.5 baths, both with in-unit laundry and both with their own separate storage space in the basement. All of the plumbing in the home was re-done, the kitchens are brand new with quartz countertops and new appliances. The floors are re-done and new. The siding is new. The open concept floor plan in the kitchen and living room is a rare feature to tenants. The parking in the rear is a huge selling point as it comfortably fits up to 6 cars. Currently rented out with a total annual rent of $74,916. Located half a mile from the hospital and a mile from downtown and the train station, when you add in the ranked schools in Summit this is the gem in your portfolio that you have been waiting for or maybe that opportunity to finally own in this amazing town! Do not delay, this will not last!
The purpose of the R-5 Zone is to preserve the integrity of existing single- and two-family residential areas by preventing the intrusion of nonresidential uses into residential neighborhoods and by maintaining existing development intensity and population density consistent with single- and two-family residential neighborhood patterns. A compatible relationship between new or expanded houses and traditional neighborhood houses that reflect the best of the neighborhood character, particularly in terms of scale, siting, design features and orientation on the site is encouraged.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Summit, NJ • 07901-3953
Average low and high temperatures (°F)
34
21
38
24
56
35
64
44
71
53
81
63
86
68
81
60
76
58
66
46
54
38
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 4.2 hours in December, placing it below the
U.S. average for solar exposure.
8.6 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 57 Morris Ave
$1,034,659
$15K under list price of $1.05M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $690K to $1.3M.