Skip To Content

368 Summer Ave

Newark City, NJ 07104
  • $748,888
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 3930402
UPDATED: 69 min ago
$748,888
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:
Essex
Area:
Newark City

School Ratings & Info

Visit GreatSchools.org

Description

Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!

Monthly Payment Calculator



Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-02T23:46:15.82.
www.ilovenewjerseyrealestate.com/homes/156984523
Print Image

368 Summer Ave Newark City, NJ 07104

  • Price: $748,888
  • Status: Active
  • On Site: 42 Days
  • Updated: 69 min ago
  • MLS #: 3930402
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1900
Built
County:
Essex
Area:
Newark City
Property Description
Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!
Exterior Features

Approximate Lot Size 4500 SF Construction See Remarks Exterior Description See Remarks Location See Remarks Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 1 Car Width Roof Description See Remarks

Interior Features

Basement Yes Basement Description Full Cooling Window A/C(s) Equipment Available Fire Alarm Heating 1 UnitBaseboard - Electric Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 0 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 133517 Net Operating Income 62464 Primary Property Type Apartment Complex Property Type Apartment ComplexSee Remarks Sale Includes Building & Land Sewer Public Sewer Suite Number n/a Tax Amount 11817 Tax Rate Amount 3.728 Tax Rate Year 2024 Tax Year 2023 Total Operating Expense 71052 Utilities All Underground Water Public Water Year Built Description Approximate Zoning R-3

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 347-439-1807.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-02T23:46:15.82.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3930402-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3930402-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3930402-2.jpg
Logo
Tejada Real Estate Partners | RE/MAX Select
15 Bloomfield Ave
Montclair NJ, 07042