319 Summer Ave
Newark City, NJ 07104
Price: $699,000
GSMLS: 3868909Type: Multi-Family
Style: Fourplex
Total Units: 4
Beds: 11
Baths: 4 Full
Garage: No
Year Built: Unknown
Acres: 0.06
Property Tax: $8,394
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.
General Info
Style:
Fourplex
SqFt Building:
n/a
Total Rooms:
20
Basement:
Yes - Finished, Full, Walkout
Interior:
n/a
Roof:
Flat
Exterior:
Aluminum Siding
Lot Size:
25X110
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
4
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
4+ Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
Cable TV Available
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
North Newark
Financial Considerations
List Price:
$699,000
Tax Amount:
$8,394
Land Assessment:
$27,200
Build. Assessment:
$197,500
Total Assessment:
$224,700
Tax Rate:
3.74
Tax Year:
2022
Listing Information
MLS ID:
3868909
List Date:
10-10-2023
Days On Market:
219
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Lauren Turano
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHomeHunter.com
