Commercial Real Estate for Sale at 368 Summer Ave in Newark City, NJ for $748,888

Listing data updated October 21, 2024 - 3:54pm
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368 Summer Ave | Newark City

$748,888 | 0.0 Sq. Ft.

Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation! GSMLS 3930402

Directions to property: Bloomfield Ave to Summer Ave Rt 21 South to Exit 4

MLS Listing ID: 
GSMLS 3930402
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$748,888
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Newark City
Address: 
368 Summer Ave, Newark City, NJ 07104-2812, U.S.A.
County: 
Essex
Latitude: 
40.7643100
Longitude: 
-74.1689300
Directions: 
Bloomfield Ave to Summer Ave Rt 21 South to Exit 4
Public Remarks: 
Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!
Building Details
Details about the building on a property.
Stories: 
0.0
Year Built: 
1900
Living Area: 
0.0
Basement: 
Full
Construction
Construction Materials: 
See Remarks
Roof: 
See Remarks
Exterior: 
See Remarks
Energy Information: 
All Underground
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
1 Unit, Baseboard - Electric
Heating System Fuel: 
Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.1
Lot Size (Dimensions): 
4500 SF
Waterfront: 
0
Lot Features
Driveway: 
1 Car Width
Parking Type: 
1 Car Width
Public Record
Parcel Number: 
1614-00611-0000-00018-0002-
Lot Number: 
18.02
Annual Tax: 
$11,817.00
Property Zoning: 
R-3
Contract Details
Details about the listing contract.
Possession: 
at closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
REAL

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