38 Summit Ave
Chatham Boro, NJ 07928
Price: $1,300,000
GSMLS: 3961106Type: Multi-Family
Style: 2-Two Story, Duplex-Side by Side
Total Units: 2
Beds: 6
Baths: 3 Full
Garage: 2-Car
Year Built: 1900
Acres: 0.37
Property Tax: $16,360
Description
This Rare Opportunity To Own Side-by-side Duplex Property Is Located In The Heart Of Chatham, Walkable To Town And Train Station. Ideal For Investors Or To Occupy One Unit And Earn Income. There Are Two Units (units# 36 And 38). Each Unit Has Its Separate Driveway, Parking Lot, Backyard, Basement, Baseboard Heat, And Electric And Gas Meters. Unit# 36 Has Window Ac Units And Unit# 38 Has Central Ac. The Common Detached Garage/roof Needs Work (being Sold "as Is"). The Tenant In Unit# 38 Will Be Leaving At The End Of June. Market Rents For 3-bedroom Units Are Around $3,500 Per Month. Landlord Pays For Water, Sewer, Taxes, And Garbage Removal
General Info
Style:
2-Two Story, Duplex-Side by Side
SqFt Building:
3,105
Total Rooms:
13
Basement:
Yes - Unfinished, Walkout
Interior:
Carbon Monoxide Detector, Carpeting, Fire Alarm Sys, Fire Extinguisher, Security System, Tile Floors, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
100X160
Lot Desc:
Level Lot
Parking
Garage Capacity:
2-Car
Description:
Detached Garage, Garage Parking, Loft Storage, On-Street Parking
Parking:
1 Car Width, 2 Car Width, Blacktop
Spaces Available:
4
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Attic, Dining Room, Kitchen, Living Room, Master Bedroom, Storage
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
7
Room Description:
Attic, Dining Room, Kitchen, Living Room, Master Bedroom, Storage
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Baseboard - Cast Iron, Baseboard - Hotwater, Multi-Zone
Heating Fuel:
Gas-Natural
Cooling:
2 Units, Central Air, See Remarks, Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas In Street
Services:
Cable TV, Cable TV Available, Garbage Extra Charge
School Information
Elementary:
Washington Avenue School (K-3)
Middle:
Chatham Middle School (6-8)
High School:
Chatham High School (9-12)
Community Information
County:
Morris
Town:
Chatham Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$1,300,000
Tax Amount:
$16,360
Land Assessment:
$520,000
Build. Assessment:
$490,500
Total Assessment:
$1,010,500
Tax Rate:
1.62
Tax Year:
2024
Listing Information
MLS ID:
3961106
List Date:
05-05-2025
Days On Market:
3
Listing Broker:
J GRAHAM REALTY LLC
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MountainClubNJ.com
