851 Summer Avenue, Newark (07104)
$745,000
5 
5
3,294
PROPERTY DETAILS
| Address: |
view address Newark, NJ 07104 Map Location |
Features: | Basement, Multi-level |
|---|---|---|---|
| Bedrooms: | 5 | Bathrooms: | 5 (full: 2, half: 3) |
| Square Feet: | 3,294 sq.ft. | Lot Size: | 1742.4 |
| Year Built: | 1940 | Property Type: | Duplex |
| Neighborhood: | None | County: | Essex |
| List Date: | 2024-06-06 | Listing Number: | 22416078 |
| Listed By: | EXP Realty |
PROPERTY DESCRIPTION
Calling all investors! Welcome to an exceptional investment opportunity in the prime Forest Hill section of Newark, NJ. This recently renovated corner property features 3 mixed use units (3 bedroom, 2 bedroom, commercial) fully occupied month-to-month with long term tenants. Commercial space is home to a well-established social club, a fixture in the community for 40+ years. New roof installed 4/24 and interior renovation in 2019. This property is an excellent addition to any investment portfolio with a solid ROI at nearly 7%. Assumable FHA mortgage for qualified buyer at a highly desirable interest rate with 25 years remaining, seller financing options open for discussion. Significant potential for high rental yields. Easy commute to the PATH train to NYC & close to Branch Brook Park
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Interior
Room Information
| Basement: | Yes | Basement features: | Full |
Cooling & Heating
| Cooling features: | Other |
Exterior
Exterior and Lot
| Lot features: | Corner Lot | Construction Materials: | Brick, Aluminum Siding |
| Roof: | Shingle |
Parking
| Parking features: | On Street |
Property and Lot Details
Other
| Sewer: | Public Sewer |
Fee
| Annual Tax: | 11497 |
Building Information
| Year Built: | 1940 | Stories: | 3 |
Lot
| Lot Dimensions: | 1742.4 |
Construction
| Building Area total: | 3294.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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