431 Summer Avenue

Newark, NJ 07104

$610,000
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent Location with PARKING! Best Tenants on leases in this Turn Key Impeccable investment property. Professionally Managed, Carefully Qualified and Paying Residents, Meticulous Maintenance and improvements. Seller Financing is Negotiable; Showings preferred on weekendsExcellent Location with PARKING! Best Tenants on leases in this Turn Key Impeccable investment property. Professionally Managed, Carefully Qualified and Paying Residents, Meticulous Maintenance and improvements. Seller Financing is Negotiable; Showings preferred on weekends
  1. Listed by STEPHEN BUCH • YALE KENT, LLC.

Property Details for 431 Summer Avenue

Directions
PARK IN FRONT OF THE PROPERTY , but NOT in the driveway
Days On Market
28
Section/Subdiv/Development
NORTH NEWARK
LISTING UPDATED: 10/02/2024 03:43 PM

Property Details for 431 Summer Avenue

StatusActive
MLS #3922309
Days on Market30
Taxes$5,219 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1940
Lot Size0.07 AC / 3,049 SF
CountyEssex County

Building Information for 431 Summer Avenue

Stories-Residences3Year Built1940Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 431 Summer Avenue

Summary
Location and General Information
  • Active Days on Market: 28
  • Renovated Year: 2021
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 623
  • Listing Type: Exclusive Right to Sell
  • Color of Building: TAN
  • Town #: 1614.0
  • Street # Display: 431.0
  • # Parking Spaces: 2
  • County Or Parish: Essex
  • Street Name: Summer Ave
  • Zip Code: 07104-2911
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $5,219
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 140000.0
  • Tax ID For Property: 1614-00623-0000-00023-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Driveway-Exclusive, Off-Street Parking, See Remarks
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 23
  • Approximate Lot Size: 27.11X116.6
  • Total Acres: 0.07
  • Construction Date/Year Built: 1940
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 113600.0
  • Assessment Land: 26400.0
  • Farm Assessment: No
Utilities
  • Cooling: 2 Units, See Remarks
  • Services: Cable TV Available, Garbage Included
  • Utilities: See Remarks
  • Water: Public Water
  • Water Heater: See Remarks
  • Heating: 3 Units, See Remarks
  • Fuel Type: Electric, Gas-Natural, See Remarks
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: See Remarks
  • Exterior Features: Curbs, Open Porch(es), See Remarks, Sidewalk, Storm Door(s), Storm Window(s), Thermal Windows/Doors
Interior Features
  • Interior Features: Carbon Monoxide Detector, Drapes, High Ceilings, Smoke Detector, Window Treatments
  • Roof Description: See Remarks
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
  • Unit 1 Baths: 2.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 09-30-2024
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 2350.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Laundry Room
  • Unit 1 Rooms: 10.0
  • Unit 1 Security Deposit: 3900.0
  • Unit 1 Sq Ft: 1400.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 4
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 09-30-2024
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1893.0
  • Unit 2 Room Description: Bedrooms, Kitchen
  • Unit 2 Rooms: 7.0
  • Unit 2 Security Deposit: 2700.0
  • Unit 2 Sq Ft: 1100.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Lease Expiration: 09-30-2024
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1495.0
  • Unit 3 Room Description: Bedrooms, Kitchen
  • Unit 3 Rooms: 3.0
  • Unit 3 Security Deposit: 2200.0
  • Unit 3 Sq Ft: 750.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $1,300.00
  • Expenses Include: Cold Water, Insurance, See Remarks, Taxes
  • Net Operating Income: $4,500.00
  • Gross Operating Income: $5,800.00
Rental
Rental Information
  • Home Warranty: false

Property History for 431 Summer Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 431 Summer Avenue

Taxable ValueLand$26,400Additions$113,600Total$140,000
Tax Record2023$5,219 ($435 / month)
Home Facts
Beds0Total Finished SqFt2,439 SqFtAbove Grade Finished SqFt2,439 SqFtStories3Lot Size3,162 SqFtStyleSingle Family ResidenceYear Built1887CountyESSEXAPN14 00623-0000-00023

Schools near 431 Summer Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Rafael Hernandez Elementary School
PublicPK to 8

Technology High School
Public9 to 12

Roberto Clemente Elementary School
PublicPK to 8

Luis Munoz Marin Ele
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.

Neighborhood Map and Transit

Similar Homes

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431 Summer Avenue is a multi-family home for sale in Newark, NJ 07104. This property was listed for sale on September 5, 2024 by YALE KENT, LLC., it's currently listed at $610,000. It has been on the market for a total of 30 days and was last sold on January 30, 2020. This listing's school district is The Newark Public School District. Nearby schools include Rafael Hernandez Elementary School, Technology High School and Roberto Clemente Elementary School. 431 Summer Avenue is a 8-bed, 4-bath, multi-family home built in 1940.

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 YALE KENT, LLC., STEPHEN BUCH

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: 10/05/2024 02:24 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: 10/05/2024 02:24 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.