21
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$900,000
Est. payment /mo
3,516 SqFt
Active
464-466 Summer Ave Newark City, NJ 07104
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,516 sqft
Price per Sqft $255
MLS Listing ID 4025818
Year Built 1910
Annual Tax Amount $9,285
Tax Year 2025
Lot Size 0.300 Acres
Property Description
Income-producing commercial boarding house located in the Northern section of Newark. This property features 15 rentable units, offering strong cash flow potential for investors. All tenancies are currently month-to-month, providing flexibility for repositioning or future rent adjustments. Rent roll and income/expense details available upon request. Property is being sold strictly AS-IS. Buyer is responsible for all municipal inspections, certifications, and any required repairs. Conveniently located near major transportation routes, public transit, shopping, and local amenities, with easy access to highways and nearby business districts. Excellent opportunity for investors seeking a value-add or income-generating asset in a high-demand rental market.
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Finished-Partially
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment Kitchen Area
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Garage Spaces 20.0
Utilities Available Gas-Natural
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS - NJ METRO GROUP
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