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319 Summer Ave Newark, NJ $ 699,000
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$ 699,000 Get more info
319 Summer Ave
$ 699,000
Back to search
Share Save

319 Summer Ave

Newark, NJ, 07104
$ 699,000
Bedrooms11 Baths4.0

Monthly Estimate*

$ 4,883

319 Summer Ave, Newark, NJ 07104 - Image 1
319 Summer Ave, Newark, NJ 07104 - Image 2

Multi-Family Home for sale in Newark, NJ

for $699,000 with 11 bedrooms and 4 full baths. The lot size is 0.06.

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.

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Multi-Family Active

Price

$ 699,000

Bedrooms

11

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,394

Style

Fourplex

Lot Size

0.06

Town/City

Newark

County/Region

Essex

MLS | Web ID

3868909
Features
General
Sewer Public Sewer
Heating 4+ Units Baseboard - Hotwater
Cooling Window A/C(s)
Utilities All Underground
Possession at closing
Roof Flat
Water Heater Gas
Exterior Features Sidewalk
Garage Spaces 0
Architectural Style Fourplex
Exclusions Tenants belongings
Year Built 9999
Township Newark City
Tax Year 2022
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Subdivision Name North Newark
Total Rooms 20
Status Active
Directions 2nd Ave to Summer Ave
Open Parking Spaces 0
Total Units 4
Street Name Summer Ave
Tax Annual Amount 8394
Home Warranty Y/N No
Drive On-Street Parking
Days on Market 212
Standard Status Active
Tax Assessed Value 224700
Town # 1614
Tax Lot 46
Farm Assessment No
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Interior
Basement Finished Full Walkout
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 4
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 4 Baths Total 1.0
Unit 4 Beds Total 3
Fuel Type Gas-Natural
Full Baths 4
Half Baths 0
Total Bedrooms 11
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 25X110
Lot Size Acres 0.06
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* Excluded Features
List By
LAUREN TURANO

Listing Agent

Coldwell Banker Realty

Broker

LaurenTuranoNJrealtor@gmail.com

Email

Affordability Calculator

$5,582
Per Month
87%
13%
0%
Monthly Principal & Interest
$4,883
Monthly Property Taxes
$700
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/1/2023$699,000 -6.79% Price Down
10/10/2023$749,900 Listed Price

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319 Summer Ave, Newark, NJ, 07104 is a Multi-Family Home for sale at $699,000 with a lot size of 0.06. 319 Summer Ave has 11 bedrooms and 4.0 baths. The property's zip code is 07104 which is in Newark, NJ

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