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182 Summer Ave

Newark City, NJ 07104
  • $375,000
  • STATUS: Active Under Contract
  • ON SITE: 95 Days
  • MLS #: 3875357
Under Contract
$375,000
  • 5
    BEDS
  • 0.06
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
1867
County:
Area:

School Ratings & Info

Description

Attention Cash Investors and Contractors, Discover an unparalleled investment opportunity at 182 Summer Ave, Newark " the best-priced property in the area! This strategically located 2-family home presents a rare chance to achieve an impressive net cap rate post-renovation. Featuring 3 bedrooms on the second floor and 2 on the first, along with a spacious yard, a full basement, and an attic, this property is poised for a lucrative transformation. It's crucial to note that the property is being sold strictly in "as-is" condition, including all contents with inspections solely for information gathering purposes. Buyer is responsible for C/O Cash investors and contractors, consider this your exclusive invitation to seize a promising venture and unlock its full earning potential. Please note the seller will NOT consider ANY HARD MONEY offers or those without proof of funds. The seller/broker have no prior history of the property. To access the property, use the Supra eKey lockbox on the front fence near the gate. This lockbox contains keys for both the gate and the front door. Kindly refrain from locking doors within individual units.

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Garden State MLS logo © 2024 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 Trompeter Real Estate. 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 Trompeter Real Estate 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 2024-02-24T06:47:23.723.
www.trompeterrealestate.com/homes/145386629
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182 Summer Ave Newark City, NJ 07104

  • Price: $375,000
  • Status: Active Under Contract
  • On Site: 95 Days
  • MLS #: 3875357
5
Beds
2
Baths
1
½ Baths
0.06
Acres
1867
Built
County:
Essex
Area:
Newark City
Property Description
Attention Cash Investors and Contractors, Discover an unparalleled investment opportunity at 182 Summer Ave, Newark " the best-priced property in the area! This strategically located 2-family home presents a rare chance to achieve an impressive net cap rate post-renovation. Featuring 3 bedrooms on the second floor and 2 on the first, along with a spacious yard, a full basement, and an attic, this property is poised for a lucrative transformation. It's crucial to note that the property is being sold strictly in "as-is" condition, including all contents with inspections solely for information gathering purposes. Buyer is responsible for C/O Cash investors and contractors, consider this your exclusive invitation to seize a promising venture and unlock its full earning potential. Please note the seller will NOT consider ANY HARD MONEY offers or those without proof of funds. The seller/broker have no prior history of the property. To access the property, use the Supra eKey lockbox on the front fence near the gate. This lockbox contains keys for both the gate and the front door. Kindly refrain from locking doors within individual units.
Exterior Features

Approximate Lot Size 25X100 Color Of Building Yellow/Red Exterior Description Vinyl Siding Exterior Features Metal FenceSidewalk Garage Description On-Street Parking Number Of Parking Spaces 0 Parking Driveway Description None Roof Description Asphalt ShingleSee Remarks

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Heating See Remarks Total Number Of Rooms 11 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.5 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving RoomMaster BedroomPantrySee Remarks Unit1 Rooms 0 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 0 Unit2 Room Description BedroomsEat-In KitchenLiving RoomMaster BedroomPantrySee Remarks Unit2 Rooms 0 Unit2 Sq Ft 0

Property Features

Assessment Total 128100 Building Assessment 92500 Easement Unknown Fha Age Restricted No Fuel Type Oil Tank Below Ground Gross Operating Income 0 Land Assessment 35600 Net Operating Income 0 Sewer See Remarks Tax Amount 4785 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style 2-Two StoryFixer Upper Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit2 Rent 0 Unit2 Security Deposit 0 Utilities See Remarks Water See Remarks Water Heater See Remarks Year Built Description Unknown

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 908-364-4000.


Garden State MLS logo © 2024 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 Trompeter Real Estate. 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 Trompeter Real Estate 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 2024-02-24T06:47:23.723.
 
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Jersey City NJ, 07302