851 Summer Ave
Newark City,
NJ
07104
Property Details
List Price: |
$774,000 |
Beds: |
5 |
Baths: |
5 |
Status: |
Active |
SqFt: |
3294 |
Agency: |
eXp Realty, LLC |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1940 |
Notes: |
Calling all investors!! Welcome to an exceptional investment opportunity in the prime location of the Forest Hill section of Newark, NJ. This recently renovated corner property features 3 mixed use units (3 bedroom, 2 bedroom, commercial unit) fully occupied month-to-month with long term tenants. The commercial space is home to a well-established social club that has been a fixture in the community for over 40 years. New roof installed 4/24 and interior renovation in 2019. This property is an excellent addition to any investment portfolio with a solid ROI at nearly 7%. Assumable FHA mortgage for qualified buyer at a highly desirable interest rate with 25 years remaining, seller financing options open for discussion. Significant potential for high rental yields. Easy commute to the PATH train, to New York City close access to Branch Brook Park. |
MlsNumber: |
3906042 |
Estimate Your Monthly Payment
Listing Provided By: |
eXp Realty, LLC, original listing |
Name: |
eXp Realty, LLC |
Phone: |
(866) 201-6210 |
Office Name: |
EXP REALTY, LLC |
Office Phone: |
(866) 201-6210 |
Agent Name: |
SENADA PELINKOVIC |
Disclaimer: |
Copyright © 2024 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |