Income-producing commercial boarding house located in the Northern section of Newark. This property features 15 rentable units, offering strong cash flow potential for investors. All tenancies are currently month-to-month, providing flexibility for repositioning or future rent adjustments. Rent roll and income/expense details available upon request. Property is being sold strictly AS-IS. Buyer is responsible for all municipal inspections, certifications, and any required repairs. Conveniently located near major transportation routes, public transit, shopping, and local amenities, with easy access to highways and nearby business districts. Excellent opportunity for investors seeking a value-add or income-generating asset in a high-demand rental market.
464 Summer Ave, Newark City NJ 07104-3773
Property City
Newark City
Property Price
$900,000
Year Built
1910
Tax Annual Amount
$9285
TaxYear (*text)
2025
Roof (*text)
See Remarks
Lot Size Area
0.30
MLS Status
Active
MLS #
4025818
Yearly Tax Rate
3.999
Year Built (*numeric)
1910
Basement
Yes
Roofing (*text)
See Remarks
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
GarageSpaces
1
Heating
Radiators - Steam
Lot Size Dimensions
60X220
Data import from
GSMLS