• 319 Summer Ave Newark, New Jersey 07104

  • $699,000
  • 11
    Bed(s)
  • 4
    Baths
  • 0
    Sq Ft
  • 0.06
    Acre

This property is a remarkable investment opportunity for savvy investors! Featuring a total of four units, this income-generating gem offers a diverse range of accommodation options. Each unit is set up with an eat-in kitchen, providing convenience and comfort for tenants. Additionally, all units also offer a living room to enjoy movie night. Unit one boasts 2 bedrooms, unit two offers an impressive 4 bedrooms, unit three provides 2 bedrooms, and unit four is equipped with 3 bedrooms, making a total of 11 bedrooms across the property. Currently, all tenants are on a month-to-month lease, presenting an excellent chance for strategic updates and enhancements to maximize the property's potential. The tenant responsibility for all utilities except water ensures a consistent cash flow for investors.Don't miss out on this golden opportunity to invest in a property with numerous possibilities and strong income potential.

Property Type :

Multi Family

Subdivision :

North Newark

County :

Essex

Style :

Multi Family

Sell a home like this and save $41,441 Find Out How

Property Details

 

Utilities

All Underground

Heating & Cooling

Heating: 4+ Units, Baseboard - Hotwater

Cooling: Window A/C(s)

Building Information

Year Built: 9999

Construction: Aluminum Siding

Roof: Flat

Exterior Features

Sidewalk

Lot Information

Lot Dimensions: 25X110

Lot Size (Acres): 0.06

Level Lot

Property Information

Subdivision: North Newark

Listing Information

Possession: at closing

Tax Information

Tax ID: 1614-00576-0000-00046-0000-

Tax Year: 2022

Parcel Number: 1614-00576-0000-00046-0000-

Taxes : 8,394

Parking Information

Parking Features: On-Street Parking

Utility Information

All Underground

Water Source : Public Water

Water Heater : Gas

SEWER : Public Sewer

Location Information

Direction: 2nd Ave to Summer Ave

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
129 Wakeman Ave, Newark, NJ,07104 $380,000 5 4 -- 0.07 Acre
129 Stone St, Newark, NJ,07104 $299,000 4 2 -- 0.06 Acre
81 Mt Prospect Ave #B-2, Newark, NJ,07104 $349,000 3 1 -- 0.17 Acre
10 Taylor St, Newark, NJ,07104 $395,000 4 3 -- 0.05 Acre
380 Highland Ave, Newark, NJ,07104 $579,900 4 3.5 -- 0.11 Acre
392 Ridge St, Newark, NJ,07104 $779,000 6 3.5 -- 0.1 Acre
344 Clifton Ave, Newark, NJ,07104 $775,000 5 3 -- 0.06 Acre
769 Summer Ave #3B, Newark, NJ,07104 $295,000 2 1 -- 1.87 Acres
676 Highland Ave, Newark, NJ,07104 $725,000 6 4.5 -- 0.09 Acre
76 Cutler St, Newark, NJ,07104 $415,000 3 1.5 -- 0.04 Acre

ByOwner last updated this listing 05/16/2024 @ 03:56

MLS: 3868909
LISTED BY: , COLDWELL BANKER REALTY
SOURCE: Garden State MLS - New Jersey
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $41,441 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion