Skip To Content

523 Summer Ave

Newark City, NJ 07104
  • $649,999
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 3778690
UPDATED: 60 min ago
$649,999
  • 4
    BEDS
  • 0.24
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

MIXED USE BUILDING ***INVESTMENT READY*** HUGE LOT PERFECT FOR A DEVELOPER TO ADD UNITS! LET YOUR RENTAL UNITS PAY YOUR MORTGAGE! THIS PROPERTY FEATURES AN OCCUPIED STORE FRONT AND 2 OCCUPIED UNITS, 2 BEDROOM ONE BATH, 1 BEDROOM ONE BATH. APARTMENTS WITH SEPARATE UTILITIES, ADDITIONAL ROOMS AND STORAGE IN BASEMENT WITH A SEPARATE ENTRANCE. PARKING FOR 20+ CARS AND AN ADDITIONAL DETACHED 2 CAR GARAGE WITH ADDITIONAL SPACE FOR AN OFFICE. MAKE THIS THE INVESTMENT THAT WILL CHANGE YOUR LIFE!

Monthly Payment Calculator



Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-05-18T22:46:47.527.
www.baerhomes.com/homes/128206027
Print Image

523 Summer Ave Newark City, NJ 07104

  • Price: $649,999
  • Status: Active
  • On Site: 18 Days
  • Updated: 60 min ago
  • MLS #: 3778690
4
Beds
2
Baths
2
½ Baths
0.24
Acres
1940
Built
County:
Essex
Area:
Newark City
Property Description
MIXED USE BUILDING ***INVESTMENT READY*** HUGE LOT PERFECT FOR A DEVELOPER TO ADD UNITS! LET YOUR RENTAL UNITS PAY YOUR MORTGAGE! THIS PROPERTY FEATURES AN OCCUPIED STORE FRONT AND 2 OCCUPIED UNITS, 2 BEDROOM ONE BATH, 1 BEDROOM ONE BATH. APARTMENTS WITH SEPARATE UTILITIES, ADDITIONAL ROOMS AND STORAGE IN BASEMENT WITH A SEPARATE ENTRANCE. PARKING FOR 20+ CARS AND AN ADDITIONAL DETACHED 2 CAR GARAGE WITH ADDITIONAL SPACE FOR AN OFFICE. MAKE THIS THE INVESTMENT THAT WILL CHANGE YOUR LIFE!
Exterior Features

Approximate Lot Size 49X217 Exterior Description Aluminum Siding Garage Description Detached GarageFinished GarageOversize Garage Number Of Parking Spaces 20 Parking Driveway Description Additional ParkingConcreteParking Lot-Exclusive Roof Description See Remarks

Interior Features

Basement Yes Basement Description FullUnfinishedWalkout Cooling See Remarks Heating 2 UnitsMulti-ZoneSee Remarks Interior Features High Ceilings Total Number Of Rooms 13 Unit1 Appliances Equipment See Remarks Unit1 Baths 0.0 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Handicap Modified Yes Unit1 Levels 2 Unit1 Room Description See Remarks Unit1 Rooms 0 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description See Remarks Unit2 Rooms 6 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description See Remarks Unit3 Rooms 4 Unit3 Sq Ft 0

Property Features

Assessment Total 442400 Building Assessment 400200 Easement No Expenses Include See Remarks Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 42200 Net Operating Income 0 Sewer Public Available Tax Amount 16519 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 0 Unit Style 3-Three StorySee Remarks Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Water Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Water Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Water Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Water Utilities ElectricGas-Natural Water Public Water Water Heater Gas

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc.


Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-05-18T22:46:47.527.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3778690-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3778690-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3778690-2.jpg
Logo
Corcoran Baer & McIntosh
97 South Broadway
South Nyack NY, 10960