464-466 Summer Ave, Newark City, NJ 07104
sale
$900,000
|
Other
Courtesy Of NJ Metro Group LLC
Income-producing commercial boarding house located in the Northern section of Newark. This property features 15 rentable units, offering strong cash flow potential for investors. All tenancies are currently month-to-month, providing flexibility for repositioning or future rent adjustments. Rent roll and income/expense details available upon request. Property is being sold strictly AS-IS. Buyer is responsible for all municipal inspections, certifications, and any required repairs. Conveniently located near major transportation routes, public transit, shopping, and local amenities, with easy access to highways and nearby business districts. Excellent opportunity for investors seeking a value-add or income-generating asset in a high-demand rental market.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 15
- Exterior Type: Vinyl Siding
- Heating System: Steam
- Heating System: Other (Heating)
- MLSID: 4025818
- Parking Spaces: 20
- Rooms: Basement
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