Bought with Joel Reyes Howard Hanna Rand Realty, Linden
$725,000
$749,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
817-819 Summer Newark, NJ 07104
Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Res/Com Mixed
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23034191
Sold Date 03/06/24
Style Res/Com Mixed
Property Description
Discover an exceptional investment opportunity in North Newark with this 4-unit residential property with one large commercial garage. Situated in a highly desirable neighborhood. This property features two recently renovated units, ensuring contemporary and attractive living spaces. Located just a stone's throw away from Branch Brook Park, NJPAC, and the Prudential Center, it also provides easy access to nearby schools, shops, and public transportation options, including the Light Rail to Penn Station. Every unit is equipped with separate electric meters, simplifying utility management for both owners and tenants. Additionally, one spacious commercial garage (Rented) and a finished basement that feature two kitchens and two bathrooms allowing various possibilities. This property boasts a strong rental income potential and the prospect of long-term appreciation. Don't let this outstanding investment slip through your fingers. Property being sold "AS IS,Where IS".
Location
State NJ
County Essex
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