Property
Newark City, NJ 07104 368 Summer Ave
$748,888
36 more
Presented By: REAL; 347-439-1807
Home Details
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!
Presented By: REAL; 347-439-1807
Interior Features for 368 Summer Ave
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath0
Num Units w/Half Bath
Half Baths
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units0
Num 2 Bdrm Units0
Num 1 Bdrm Units
BasementFull
Fuel TypeGas-Natural
Total Stories
General for 368 Summer Ave
Cap Rate8.40
ConstructionSee Remarks
CoolingWindow A/C(s)
CountyEssex
DirectionsBloomfield Ave to Summer Ave Rt 21 South to Exit 4
Documents AvailableIncome & Expenses
Drive1 Car Width
EasementUnknown
Equipment AvailableFire Alarm
Farm AssessmentNo
Gross Income133517
Heating1 Unit, Baseboard - Electric
Leasable Area
LocationSee Remarks
Net Operating Income62464
Num Apts18
Number Of Units Total
Operating Expense71052
OwnershipFee Simple
Possessionat closing
Property TypeApartment Complex, See Remarks
Property TypeApartment Complex
RoofSee Remarks
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount11817
Tax Assessed Value317000
Tax Lot18.02
Tax Year2023
Town #1614
TownshipNewark City
UtilitiesAll Underground
Year Built1900
ZoningR-3
Exterior for 368 Summer Ave
Building Area Total
Exterior DescriptionSee Remarks
Lot Dimensions4500 SF
Lot Size Acres0.10
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
Jenniffer Bravo Llerena
Associate