$550,000

851 Summer Ave

Newark City NJ, 07104

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.

Details

MLS#3664795
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1940
Days On Site164

Features

Units3
Building(s)1

Additional Information

Annual Tax Amount10094
Assesed Tax Valuation308400
Tax ID3.761
Tax Rate2019
Tax Rate Year2019
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Area Information
StateNJ
CountyEssex
CityNewark City
Zip Code07104
AreaEssex
Listing VS Median (in 07104)
Price:
$550,000
low | high
Med:
$269,000
100% of Average
On Site:
164
low | high
Med:
230
71.304347826087% of Average
Listing Updated: February 27, 2021 8:04:45 PM PST
KATS MAKSIM LogoMLS Number: 3664795
Listing Provided By:
KATS MAKSIM  of  FORMULA REALTY LLC
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Garden State Board of Realtors.