319 Summer Avenue

Newark, NJ 07104

$699,000
Price
11
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This property is a remarkable investment opportunity for savvy investors! Featuring a total of four units, this income-generating gem offers a diverse range of accommodation options. Each unit is set up with an eat-in kitchen, providing convenience and comfort for tenants. Additionally, all units also offer a living room to enjoy movie night. Unit one boasts 2 bedrooms, unit two offers an impressive 4 bedrooms, unit three provides 2 bedrooms, and unit four is equipped with 3 bedrooms, making a total...This property is a remarkable investment opportunity for savvy investors! Featuring a total of four units, this income-generating gem offers a diverse range of accommodation options. Each unit is set up with an eat-in kitchen, providing convenience and comfort for tenants. Additionally, all units also offer a living room to enjoy movie night. Unit one boasts 2 bedrooms, unit two offers an impressive 4 bedrooms, unit three provides 2 bedrooms, and unit four is equipped with 3 bedrooms, making a total of 11 bedrooms across the property. Currently, all tenants are on a month-to-month lease, presenting an excellent chance for strategic updates and enhancements to maximize the property's potential. The tenant responsibility for all utilities except water ensures a consistent cash flow for investors. Don't miss out on this golden opportunity to invest in a property with numerous possibilities and strong income potential.
  1. Listed by LAUREN TURANO • COLDWELL BANKER REALTY

Property Details for 319 Summer Avenue

Directions
2nd Ave to Summer Ave
Days On Market
185
Section/Subdiv/Development
North Newark

Location

Listing Courtesy of COLDWELL BANKER REALTY, LAUREN TURANO
Add your commute
LISTING UPDATED: 04/08/2024 01:11 PM

Property Details for 319 Summer Avenue

StatusActive
MLS #3868909
Days on Market200
Taxes$8,394 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeFourplex
MLS TypeMulti Family / Fourplex
Year Built9999
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Location

Listing Courtesy of COLDWELL BANKER REALTY, LAUREN TURANO
Add your commute

Building Information for 319 Summer Avenue

Stories-Residences4Year Built9999Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$4,514 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,815

Property Taxes

$700

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 319 Summer Avenue

Summary
Location and General Information
  • Active Days on Market: 185
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 576
  • Listing Type: Exclusive Right to Sell
  • Color of Building: White
  • Town #: 1614.0
  • Street # Display: 319.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Summer Ave
  • Zip Code: 07104-5605
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $8,394
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 224700.0
  • Tax ID For Property: 1614-00576-0000-00046-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2022
  • Tax Year: 2022
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 46
  • Approximate Lot Size: 25X110
  • Total Acres: 0.06
  • Construction Date/Year Built: 9999
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 197500.0
  • Assessment Land: 27200.0
  • Farm Assessment: No
Utilities
  • Cooling: Window A/C(s)
  • Services: Cable TV Available
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 4 Units, Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
  • Exterior Features: Sidewalk
Interior Features
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Range/Oven - Gas
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 1100.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Range/Oven - Gas
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 4
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1500.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Range/Oven - Gas
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 3.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1000.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: Range/Oven - Gas
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 3
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 4.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 4 Rent: 1000.0
  • Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 4 Rooms: 5.0
  • Unit 4 Security Deposit: 0.0
  • Unit 4 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: Fourplex
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00
Rental
Rental Information
  • Home Warranty: false

Property History for 319 Summer Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 319 Summer Avenue

Taxable ValueLand$27,200Additions$197,500Total$224,700
Tax Record2022$8,395 ($700 / month)
Home Facts
Beds0Total Finished SqFt3,858 SqFtAbove Grade Finished SqFt3,858 SqFtStories3Lot Size2,749 SqFtStyleSingle Family ResidenceYear Built1897CountyESSEXAPN14 00576-0000-00046

Schools near 319 Summer Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 6
Public - PK to 6
Rating
School
Distance
Rafael Hernandez Elementary School
PublicPK to 8

Technology High School
Public9 to 12

Roberto Clemente Elementary School
PublicPK to 6

Franklin Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

319 Summer Avenue is for sale in Newark, NJ 07104. This property was listed for sale on October 10, 2023 by COLDWELL BANKER REALTY, it's currently listed at $699,000. This listing's school district is The Newark Public School District. Nearby schools include Rafael Hernandez Elementary School, Technology High School and Roberto Clemente Elementary School. 319 Summer Avenue is a 11-bed, 4-bath, built in 9999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER REALTY, LAUREN TURANO

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/27/2024 03:32 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.