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Map
$500,000
●
Multifamily -
Off Market
162 Summer Avenue
Newark, NJ 07104
7 Beds
4 Baths
$500,988
RealtyHop Estimate
0.20%
Since Oct 1, 2023
NY-New York
Primary Model
About This Property
INCOME PRODUCING DETACHED MULTI-FAMILY WITH LOW PROPERTY TAXES WITH
LOTS OF POTENTIAL AND CONVENIENTLY LOCATED. Rent received was below
market value. Major components replaced in the last 2 years include
roof, furnace, hot water heater and removal of oil tank.
Property is fenced, has a porch and 2,357 square feet per tax
records. 1st floor apartment is tenant occupied, on a
month-to-month lease and features 2 bedrooms, a living room,
eat-in-kitchen, full bath and an area with slop sink. 2nd floor
apartment, is vacant and features a living room, eat-in kitchen, 3
bedrooms and full bath. There is a 3rd full bath on the 2nd floor
hall. There is a private access to the finished attic and another
access from the 2nd floor apartment. Attic has two spacious rooms
with wood flooring, windows and ornate ceilings. Basement has a 4th
full bath, two rooms with baseboard heat and utility room.
Oversized shed included. Fireplace decommissioned. AS-IS SALE.
SELLER WILL GET C OF O.
Unit Size
-
Days on Market
88 days
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$495
HOA Dues
-
Year Built
1892
Last updated: 8 months ago (NJMLS #23017668)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 28, 2023 | Sold | $500,000 | |
Sold | |||
Jun 30, 2023 | In contract | - | |
In contract | |||
Jun 9, 2023 | Listed by Coldwell Banker, Middletown | $500,000 | |
Listed by Coldwell Banker, Middletown |
Property Highlights
Parking Details
None
Interior Details
Bedroom Information
Bedrooms: 7
Bathroom Information
Bathrooms: 4
Room Information
Total Rooms: 13
Fireplace Information
None
Basement Information
full bath and 2 finished rooms with baseboard heat
Exterior Details
Property Information
View: None
Building Information
Year Built: Pre 1900
Financial Details
Tax: $5,940
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
6
Beds
4
Baths
-
$520,000
Jun 2, 2023
$520,000
Jun 2, 2023
$956/mo
Sold
Multifamily
6
Beds
4
Baths
-
$450,000
Jul 5, 2023
$450,000
Jul 5, 2023
$404/mo
Sold
Multifamily
6
Beds
3
Baths
-
$550,000
Aug 25, 2023
$550,000
Aug 25, 2023
$647/mo
Sold
Multifamily
5
Beds
3
Baths
-
$490,000
Aug 1, 2023
$490,000
Aug 1, 2023
$486/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|