219 Summer Ave Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07104
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3965272
Year Built 2014
Annual Tax Amount $29,534
Tax Year 2024
Lot Size 7,405 Sqft
Property Description
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
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling Central Air
Equipment Fire Alarm, Intercom, Smoke Detector, Sprinkler System
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block, Vinyl Siding
Garage Spaces 10.0
Utilities Available All Underground, Gas-Natural
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple