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697 Summer Ave

Newark City, NJ 07104
  • $699,000
  • STATUS: Active
  • ON SITE: 3 Days
  • MLS #: 3759182
New On Site 3 Days Ago
UPDATED: 125 min ago
$699,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,530
    SQFT
  • $276
    $/SQFT
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

Description

Well Maintained & Excellent Opportunity to own 3 Story-Mixed Use investment property with Commercial store $1800. Basement/studio with EIK $700. 1st floor apt - 2 beds, 4 rooms with EIK for $1200. 2nd & 3rd floor apts - 3beds, 7 rooms with EIK for $1600. Long-term tenants and paid consistently during pandemic. Store lease runs until 2023. Tenants pay M2M. Easy commute to NYC, Rt 21, 78, and GSP. Income & Expenses document found in media.

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Garden State MLS logo © 2022 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 Zebaida Group at Keller Williams Realty. 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 Zebaida Group at Keller Williams Realty 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 2022-01-17T23:46:07.023.
www.zebaidagroup.com/homes/124769615
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697 Summer Ave Newark City, NJ 07104

  • Price: $699,000
  • Status: Active
  • On Site: 3 Days
  • Updated: 125 min ago
  • MLS #: 3759182
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,530
SQFT
$276
$/SQFT
1930
Built
County:
Essex
Area:
Newark City
Property Description
Well Maintained & Excellent Opportunity to own 3 Story-Mixed Use investment property with Commercial store $1800. Basement/studio with EIK $700. 1st floor apt - 2 beds, 4 rooms with EIK for $1200. 2nd & 3rd floor apts - 3beds, 7 rooms with EIK for $1600. Long-term tenants and paid consistently during pandemic. Store lease runs until 2023. Tenants pay M2M. Easy commute to NYC, Rt 21, 78, and GSP. Income & Expenses document found in media.
Exterior Features

Approximate Lot Size 25.3X100 Construction Metal Frame Exterior Description Aluminum Location Business District Number Of Bays 0 Number Of Docks 0 Parking Driveway Description On-Street Parking Roof Description Built-Up

Interior Features

Basement Yes Basement Description Finished-Partially Cooling 4+ UnitsWindow A/C(S) Equipment Available Fire AlarmSee Remarks Floors Laminate Heating 4+ Units Max Ceiling Height 9 Max Door Height 80 Number Of Doors 4 Number Of Lavatories 4 Office Sq Ft 525

Property Features

Available Immediately Expenses Include InsuranceTaxesWater/Sewer For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 82800 Lease Includes Building MaintenanceWater Lease Type Net Net Operating Income 63930 Owner Pays Maintenance-Common AreaRepairsSewerWater Primary Property Type Mixeduse Property Type Mixed UseSee RemarksStore With Apartment Sale Includes Building & Land Sewer Public Sewer Suite Number 200 Tax Amount 8683 Tax Rate Amount 3.800 Tax Rate Year 2020 Tax Year 2020 Tenant Pays ElectricGasHeatHot Water Total Operating Expense 14730 Utilities Gas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning Mixed Use

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Rite Choice Realty Llc.


Garden State MLS logo © 2022 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 Zebaida Group at Keller Williams Realty. 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 Zebaida Group at Keller Williams Realty 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 2022-01-17T23:46:07.023.
 
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Zebaida Group at Keller Williams Realty
4245 Town Center Way
Livingston NJ, 07039