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    851 Summer Ave

    Newark City, NJ 07104
    • $550,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 3664795
    UPDATED: 54 min ago
    $550,000
    • 6
      BEDS
    • 0.04
      ACRES
    • 2
      BATHS
    • 1
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1940
    County:
    Area:

    School Ratings & Info

    Description

    Incredible opportunity for the first time home buyer! Right on the belleville border. Beautiful 3 Unit Turn Key Property. Long term 30-year Commercial Tenant, 2 residential units. Fully occupied 3 Bedroom and 2 Bedroom delivered vacant in October. Units have separate utilities. Perfect for owner occupant/House Hack. For the investor over 8% Cap rate.

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    © 2020 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 Keller Williams Real Estate. 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 Keller Williams Real Estate 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 2020-12-01T14:47:20.953.
    www.seeinsidethehouse.com/homes/110098527
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    851 Summer Ave Newark City, NJ 07104

    • Price: $550,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 3664795
    6
    Beds
    2
    Baths
    1
    ½ Baths
    0.04
    Acres
    1940
    Built
    County:
    Essex
    Area:
    Newark City
    Property Description
    Incredible opportunity for the first time home buyer! Right on the belleville border. Beautiful 3 Unit Turn Key Property. Long term 30-year Commercial Tenant, 2 residential units. Fully occupied 3 Bedroom and 2 Bedroom delivered vacant in October. Units have separate utilities. Perfect for owner occupant/House Hack. For the investor over 8% Cap rate.
    Exterior Features

    Approximate Lot Size 25X68.6 Exterior Description Aluminum SidingBrick Number Of Parking Spaces 1 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

    Interior Features

    Basement Yes Basement Description Unfinished Cooling Window A/C(S) Heating 3 Units Total Number Of Rooms 11 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 1 Unit1 Security Deposit 1600 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description See Remarks Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description See Remarks Unit3 Rooms 4 Unit3 Sq Ft 0

    Property Features

    Assessment Total 308400 Building Assessment 260000 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 48400 Net Operating Income 0 Sewer Public Sewer Tax Amount 10094 Tax Rate Amount 3.761 Tax Rate Year 2019 Tax Year 2019 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2280 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1600 Unit2 Security Deposit 2400 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1500 Unit3 Security Deposit 0 Utilities Gas-Natural Water Public Water Year Built Description Approximate

    Listing information © 2020 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of .


    © 2020 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 Keller Williams Real Estate. 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 Keller Williams Real Estate 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 2020-12-01T14:47:20.953.
     
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    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809