368 Summer Avenue

Newark, NJ 07104

$748,888
Price
4,356 / 0.1
Lot Size / Acres

Description

Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!
  1. Listed by JOSEPH GUZZARDI • REAL

Property Details for 368 Summer Avenue

Directions
Bloomfield Ave to Summer Ave Rt 21 South to Exit 4
Days On Market
63
LISTING UPDATED: 10/21/2024 11:00 AM

Property Details for 368 Summer Avenue

StatusActive
MLS #3930407
Days on Market64
Taxes$11,817 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLots And Land
Year Built-
Lot Size0.10 AC
CountyEssex County

Building Information for 368 Summer Avenue

Lot Size0.10 AC

Property Information for 368 Summer Avenue

Summary
Location and General Information
  • Active Days on Market: 63
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 611
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • County Or Parish: Essex
  • Street Name: Summer Ave
  • Zip Code: 07104-2812
Taxes and HOA Information
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $11,817
  • Street name Tax: *
  • Zip Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 317000.0
  • Tax ID For Property: 1614-00611-0000-00018-0002-
  • Tax Id Tax: *
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Property
Lot Information
  • Lot Identifier: 18.02
  • Approximate Lot Size: 4500 SF
  • Total Acres: 0.1
Property and Assessments
  • Assessment Bldg: 289400.0
  • Assessment Land: 27600.0
  • Farm Assessment: No
Interior and Exterior Features
Interior Features
  • Easement: Unknown

Property History for 368 Summer Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 368 Summer Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Roberto Clemente Elementary School
PublicPK to 8

Franklin Elementary School
PublicPK to 8

Luis Munoz Marin Ele
PublicPK to 8

Rafael Hernandez 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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368 Summer Avenue is a 0.1 ac of land for sale in Newark, NJ 07104. This property was listed for sale on October 21, 2024 by REAL, it's currently listed at $748,888. This listing's school district is The Newark Public School District. Nearby schools include Roberto Clemente Elementary School, Franklin Elementary School and Luis Munoz Marin Ele. 368 Summer Avenue is a 0-bed, 0-bath, 0.1 ac of land on a 4,356 sq. ft. / 0.1 acres lot.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REAL, JOSEPH GUZZARDI

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/25/2024 02:36 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. 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: 12/25/2024 02:36 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.