Photo of 319 Summer Avenue, Newark NJ
     
319 Summer Avenue
Newark, NJ 07104
Newark City
Newark Public Schools
Essex County
Asking Price$699,000
  Sale Pending  
Bedrooms11
Full Baths4
Age124
HeatingGas
CoolingWindow AC
FireplaceNone
BasementFully Finished
Taxes$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.

Room Sizes

Location


Details
Architectural Type - 4 Family
Location - Lake Rights
Parking - Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
Basement - Finished, Full
Lot Features - Regular
Cooling - Win/AC
Heating - Baseboard, Gas
Additional Utilities - Seperate Electric, Seperate Gas, Seperate Heat

Notes
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EveryHome Number : 303141-31011
Listing Courtesy Coldwell Banker, Wayne
Zoning Designation