Residential Income in Newark City

$499,000

72 Summer Ave, 07104, Newark City

Residential Income for sale in Newark City, 72 Summer Ave, 07104

72 Summer Ave, 07104, Newark City

$499,000

4Bed
2Bath
Type: Residential Income

Description

Explore the possibilities with this two-unit property in Newark, NJ! Featuring two residential units, this property offers flexibility for a variety of ownership and investment opportunities. Interior updates include an updated kitchen, a renovated bathroom, and a new boiler. The property also offers backyard space for outdoor enjoyment. Conveniently located within walking distance of NJ Transit, the property provides access to transportation options serving New York City, with travel to Manhattan taking approximately 30 minutes, depending on route and schedule. The surrounding area features a variety of local amenities, shopping, dining, and ongoing commercial development, including businesses such as Chick-fil-A and Whole Foods in the broader area. With two separate residential units, the property offers potential for rental income, subject to applicable zoning, occupancy, and rental requirements. Investors may also explore future rental opportunities based on market conditions and permitted rents. Convenient access to public transportation, major roadways, and nearby amenities adds to the property's appeal. Schedule a showing to explore the layout, updates, outdoor space, and possibilities this property has to offer. *Photos for the 2nd unit to follow*

Agent Information

Location

72 Summer Ave, 07104, Newark City

Data

Object TypeResidential Income
Purchase Price$499,000
Living Space0 m²
Plot Size121.41 m²
Bathrooms2
Construction Year1935
ConditionNot specified
Rooms10

Energy Information

Heating TypeHeat Source: Gas-Natural, Heating Type: 2 Units, Radiators - Steam
Primary Energy SourceN/A
Construction Year1935
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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