464 Summer Ave, Newark, NJ 07104

$900,000
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New to the Market Active
SQUARE FEET3,516 MLS#4025818
STATUS PROPERTY TYPECommercial - Multiple

Property Description

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.

464 Summer Ave | MLS# 4025818

This commercial property located at 464 Summer Ave, Newark, NJ 07104 is currently listed for sale with an asking price of $900,000. Search Newark real estate on mainlinemanny.realtymark.net today.

Property Features

Property Type: Commercial - Multiple
Basement: Yes
Basement: Finished-Partially
Cooling: Window A/C(s)
Fuel Type: Gas-Natural
Heating: Radiators - Steam
Lot Size: 0.30 Acres
Taxes: $9,285
Year Built: 1910

Feature Descriptions

Equipment Available: Kitchen Area
Exterior: Vinyl Siding
Location: Residential Area
Lot Dimensions: 0.30 acre(s)
Max Door height: 15
Parking: Blacktop
Parking Spaces: 20
Sewer: Public Sewer
Tenant Pays: Electric, Gas, Heat, Hot Water, Water
Units: 15
Utilities: Gas-Natural
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: KELLER WILLIAMS - NJ METRO GROUP
Agency Contact: 973-783-7400

Shown By

Agent Name: Manuel Ishkhanian
Agent Phone: (484) 832-2122
Agency Title: RealtyMark

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