$500,000
$500,000
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162 Summer Avenue Newark, NJ 07104
7 Beds
4 Baths
2,357 SqFt
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Two Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,357 sqft
Price per Sqft $212
Municipality Newark (NEW)
MLS Listing ID 22315698
Sold Date 09/05/23
Bedrooms 7
Full Baths 4
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS®)
Year Built 1892
Annual Tax Amount $5,940
Tax Year 2022
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 25 x 100
Property Sub-Type Two Family
Property Description
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. SEE MORE SECTION Unit 3 aka as level 3 is the ATTIC. The 2nd floor hall bathroom was intended to be used by those in the attic. Unit 4 aka as level 0 is the basement. Agent is related to owner.
Location
State NJ
County Essex
Area None
Direction Dr. Martin Luther King Blvd to Bloomfield to Summer
Rooms
Basement Finished, Partial
Interior
Interior Features Attic - Walk Up
Heating See Remarks
Cooling Other
Flooring Wood, Laminate
Fireplaces Number 1
Exterior
Exterior Feature Fence, Lighting
Parking Features Off Street, None
Roof Type Shingle,Wood
Garage No
Private Pool No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Fence,Lighting
New Construction No
Others
Senior Community No
Tax ID 14-00518-0000-00007
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Bought with NON MEMBER