Property
Newark City, NJ 07104 219 Summer Ave
$2,650,000
10 more
Presented By: KELLER WILLIAMS PROSPERITY REALTY; 973-696-0077
Full/Half Baths • 0 / 15
Garage • 9
Home Details
FOR SALE | 9-UNIT MULTIFAMILY | NEWARK, NJ | 6.5% CAPINVESTOR HIGHLIGHTS:? Stabilized 9-Unit Asset in Newark?s growing North Ward? Built in 2014 ? modern layouts, minimal deferred maintenance? Strong tenant mix and consistent occupancy? 10 private parking spots ? a rare amenity in this submarket? In-place income with room for upside through rent optimization? Trading at a true 6.5% cap rate ? positioned for cash flow from Day 1? Individually metered utilities and low-maintenance structure
Presented By: KELLER WILLIAMS PROSPERITY REALTY; 973-696-0077
Interior Features for 219 Summer Ave
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath9
Num Units w/Half Bath
Half Baths15
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units6
Num 2 Bdrm Units2
Num 1 Bdrm Units1
BasementFinished
Fuel TypeGas-Natural
Total Stories3
General for 219 Summer Ave
ConstructionBrick/Block
CoolingCentral Air
CountyEssex
DirectionsBloomfield Ave to Summer Ave
Documents AvailableSee Remarks
DriveAssigned, Blacktop, Driveway-Exclusive
EasementUnknown
Equipment AvailableFire Alarm, Intercom, Smoke Detector, Sprinkler System
Garage Spaces9
HeatingForced Hot Air
Leasable Area
LocationResidential Area
Num Apts9
Number Of Units Total9
OwnerPaysSewer, Water
OwnershipFee Simple
PossessionAt Closing
Property TypeApartment Complex
Property TypeApartment Complex
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount29534
Tax Assessed Value776600
Tax Lot7
Tax Year2024
Tenant PaysElectric, Heat, Hot Water
Town #1614
TownshipNewark City
UtilitiesAll Underground, Gas-Natural
Year Built2014
ZoningResidential
Exterior for 219 Summer Ave
Building Area Total
Exterior DescriptionBrick/Block, Vinyl Siding
Lot Dimensions50X150.2
Lot Size Acres0.17
Max Ceiling Height
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking10
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner