319 Summer Ave Newark City, NJ 07104
Listing Courtesy of: GARDEN STATE MLS / Coldwell Banker Realty / Lauren Turano - Contact:  973-600-7236

  319 Summer Ave Newark City, NJ 07104

Active (222 Days)
$699,000
11
BED
4
BATH

Description

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.

MLS #:
3868909
Taxes
$8,394(2022)
Lot Size
2,614 SQFT
Type
Multifamily
Year Built
9999
County
Essex County

Listed By

Lauren Turano, Coldwell Banker Realty, Contact: 973-600-7236
Source
GARDEN STATE MLS
Last checked May 19 2024 at 3:46 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
Subdivision
  • North Newark
Lot Information
  • Level Lot
Heating and Cooling
  • Baseboard - Hotwater
  • 4+ Units
  • Window A/C(s)
Basement Information
  • Walkout
  • Full
  • Finished
Exterior Features
  • Aluminum Siding
  • Roof: Flat
Utility Information
  • Utilities: Public Water, All Underground
  • Sewer: Public Sewer
  • Fuel: Gas-Natural
Parking
  • On-Street Parking
Additional Information: Wayne | 973-600-7236
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Nov 30, 2023
Price Changed
$699,000
-7%
-50,900

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: The data displayed relating to real estate for sale comes in part from the IDX Program of the Garden State Multiple Listing Service, L.L.C. Real Estate listings held by other brokerage firms are marked as IDX Listing.Information deemed reliable but not guaranteed. Listing Data Copyright 2024 Garden State Mulitple Listing Service, L.L.C. All rights reserved
Notice: The dissemination of listings displayed herein 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 inwriting from the listing broker.
This information is being provided for Consumers’ personal, non-commercial use and may not be used for anypurpose other than to identify prospective properties Consumers may be interested in purchasing.