Properties

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.

Features

  • Heating System : Radiators - Steam
  • Cooling System : Window A/c(s)
  • Basement : Finished-partially
  • Roof Deck : See Remarks
  • Tax Assessed Valuation: 232200
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: KELLER WILLIAMS - NJ METRO GROUP
  • Office MLS ID: 4129
  • Agent ID: 299458
  • Tax: 9285
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Residential

Commercial For Sale

For Sale
$900,000

464 Summer Ave, Newark City, *

  • SQFT 60 Acre
  • Built Year 1910

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5430114
  • Price: $900,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1910
  • Year Built Description: Approximate
  • Lot Area: 60 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Summer Ave
  • Street Number: 464
  • Street Direction: Google Maps
  • Floor Number: 0
  • Longitude: W75° 49' 58''
  • Latitude: N40° 46' 3.4''
  • Internet Display Address: Yes
Property