741 Summer Avenue

Newark, NJ 07104

$579,000
Price
6
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Back on the market. Price reduce! Prime Investment Opportunity! This multifamily home boasts three spacious bedrooms and one bathroom on each floor, a cozy living room, and a convenient eat-in kitchen. The basement is equipped with laundry facilities. Ideally located, this property is close to public transportation, Branch Brook Park, shopping centers, and offers easy access to transportation to NYC and Newark International Airport. Don't miss out on this incredible chance to invest! All utilities...Back on the market. Price reduce! Prime Investment Opportunity! This multifamily home boasts three spacious bedrooms and one bathroom on each floor, a cozy living room, and a convenient eat-in kitchen. The basement is equipped with laundry facilities. Ideally located, this property is close to public transportation, Branch Brook Park, shopping centers, and offers easy access to transportation to NYC and Newark International Airport. Don't miss out on this incredible chance to invest! All utilities are individually metered, but currently, the seller covers the utility costs. SECOND FLOOR will be delivered vacant.
  1. Listed by JANETHE CRUZ-TORO • NIGITO REAL ESTATE LLC

Property Details for 741 Summer Avenue

Directions
GRAFTON AVE TO SUMMER AVE
Days On Market
93
LISTING UPDATED: 10/02/2024 01:16 PM

Property Details for 741 Summer Avenue

StatusActive
MLS #3911097
Days on Market95
Taxes$5,416 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built9999
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Building Information for 741 Summer Avenue

Stories-Residences2Year Built9999Building Size-Lot Size0.06 AC / 2,613 SF

Property Information for 741 Summer Avenue

Summary
Location and General Information
  • Active Days on Market: 56
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 775
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 741.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Summer Ave
  • Zip Code: 07104-3505
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $5,416
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 145300.0
  • Tax ID For Property: 1614-00775-0000-00007-0000-
  • 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: None
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Identifier: 7
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
  • Construction Date/Year Built: 9999
Property and Assessments
  • Assessment Bldg: 119200.0
  • Assessment Land: 26100.0
Utilities
  • Cooling: 2 Units, Central Air
  • Water: Public Water
  • Heating: 2 Units, Forced Hot Air
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 1 Rent: 2700.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 2700.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 2 Rent: 2600.0
  • Unit 2 Room Description: Attic, Bedrooms, Kitchen, Living Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 2600.0
  • Unit 2 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 741 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 741 Summer Avenue

Taxable ValueLand$26,100Additions$119,200Total$145,300
Tax Record2023$5,417 ($451 / month)
Home Facts
Beds0Total Finished SqFt2,232 SqFtAbove Grade Finished SqFt2,232 SqFtStories2Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1912CountyESSEXAPN14 00775-0000-00007

Schools near 741 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
Dr. E. Alma Flagg Elementary School
PublicPK to 8

East Side High School
Public9 to 12

McKinley Elementary School
PublicPK to 8

Dr. William H. Horton 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

741 Summer Avenue is a multi-family home for sale in Newark, NJ 07104. This property was listed for sale on July 2, 2024 by NIGITO REAL ESTATE LLC, it's currently listed at $579,000. It has been on the market for a total of 95 days and was last sold on December 5, 2017. This listing's school district is The Newark Public School District. Nearby schools include Dr. E. Alma Flagg Elementary School, East Side High School and McKinley Elementary School. 741 Summer Avenue is a 6-bed, 2-bath, multi-family home built in 9999.

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 NIGITO REAL ESTATE LLC, JANETHE CRUZ-TORO

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 02:26 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 02:26 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.