96 Summer Avenue

Newark, NJ 07104

$460,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent opportunity to own a 3-story mixed-use investment property with one commercial space and 2 apartments above. Great income potential. The storefront has ample open space approximately 1800 sqft. The 2 apartments offer a living room, eat-in kitchen, 2 bedrooms, and a bath. Unfinished basement. Separate utilities. Conveniently located close to shopping, schools, all major highways, and public transportation. The store is vacant, and the apartment's rent is $1600 and $1500.Excellent opportunity to own a 3-story mixed-use investment property with one commercial space and 2 apartments above. Great income potential. The storefront has ample open space approximately 1800 sqft. The 2 apartments offer a living room, eat-in kitchen, 2 bedrooms, and a bath. Unfinished basement. Separate utilities. Conveniently located close to shopping, schools, all major highways, and public transportation. The store is vacant, and the apartment's rent is $1600 and $1500.
  1. Listed by Oscar Alban • Century 21 Semiao & Associates/Kearny • (201) 991-1300

Property Details for 96 Summer Avenue

Style
Res/Com Mixed
Sub style
Rtl/Apt

Location

Listing Courtesy of Century 21 Semiao & Associates/Kearny, Oscar Alban

Sold By Royal Signature Realty, LLC, Ralph Douglas

Add your commute
LISTING UPDATED: 10/26/2023 09:08 AM

Property Details for 96 Summer Avenue

StatusSold
MLS #23022048
Days on Market56
Taxes$11,934 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeMixed Use / Res/Com Mixed
Year Built-
Lot Size-
CountyEssex County

Location

Listing Courtesy of Century 21 Semiao & Associates/Kearny, Oscar Alban

Sold By Royal Signature Realty, LLC, Ralph Douglas

Add your commute

Building Information for 96 Summer Avenue

Stories3Residences2Year Built-Lot Size-

Payment Calculator

$3,505 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,510

Property Taxes

$995

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 96 Summer Avenue

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Directions: Park Ave to Summer Ave
  • Street Name: Summer
  • County Name: ESSEX
  • Status: SOLD
  • Street Number Numeric: 96
  • Zip Code: 07104
Taxes and HOA Information
  • Tax: $11,934
Property
Lot Information
  • Lot: 00061
  • Year Built: 1900-1939
  • Propertype ro: Munincipal Water, Sewer
  • Land frontage: 25.0
  • Land sqft: 2448.0
  • Land Depth: 98.0
  • Block: 00485
Property and Assessments
  • Photo: Y
  • Photo Number: 17
Interior and Exterior Features
Interior Features
  • Number of Units: 2
  • Number Of Stories: 3
  • Full Baths Total: 0
  • Num of Baths: 0.0
Exterior Features
  • Roof: Flat
Multi Family
Multi-Family Information
  • No of Common units: 1
  • No2 Bedroom units: 2
Agent
Sale and Listing Information
  • Search Class: MIX
  • List Price: $465,000.00
  • Listing Date: 07-17-2023
  • Pending Date: 09-11-2023
  • Close Date: 10-25-2023
  • Status Date: 10-25-2023
  • Sale Price: $460,000
Showing Information
  • Internet Remarks: Excellent opportunity to own a 3-story mixed-use investment property with one commercial space and 2 apartments above. Great income potential. The storefront has ample open space approximately 1800 sqft. The 2 apartments offer a living room, eat-in kitchen, 2 bedrooms, and a bath. Unfinished basement. Separate utilities. Conveniently located close to shopping, schools, all major highways, and public transportation. The store is vacant, and the apartment's rent is $1600 and $1500.
Rental
Rental Information
  • Owner pays: Water

Property History for 96 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 96 Summer Avenue

Taxable ValueLand$20,800Additions$285,000Total$305,800
Tax Record2022$10,267 ($856 / month)
Home Facts
Stories3Lot Size2,448 SqFtStyleMiscellaneous CommercialCountyESSEXAPN14 00485-0000-00061

Schools near 96 Summer Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
New Park School
PublicPK to 8

Eagle Academy for Young Men of Newark
Public6 to 12

Ridge Street Elementary School
PublicK to 8

Elliott Street Elementary School
PublicPK to 8

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.

Similar Homes

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Similar Sold Homes

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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 Century 21 Semiao & Associates/Kearny, Oscar Alban

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 05/07/2024 06:21 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.