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Apartment Complex For Sale

464-466 Summer Ave, Newark City, Essex 07104-3773

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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.

Basic Details
Property Type:
Apartment Complex
Listing Type:
For Sale
Listing ID:
4025818
Price:
$900,000
Year Built:
1910
Lot Area:
0.30 Acre
Status:
Active
Office Name:
KELLER WILLIAMS - NJ METRO GROUP
Roof:
See Remarks
Features
Heating System:
Radiators - Steam
Cooling System:
Window A/C(s)
Basement:
Finished-Partially
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07104-3773
Street:
Summer Ave
Street Number:
464-466
Longitude:
W75° 49' 58''
Latitude:
N40° 46' 3.4''
Directions:
Google Maps
Zoning:
Residential
Additional Information
Lot Size Dimensions:
60X220
Water Source:
Public Water
Number Of Units Total:
15
Garage:
1
Building Size:
3516
Financial
Tax Annual Amount:
9285
Listing Information
Co List Agent Mls Id:
408854
List Agent Mls Id:
299458
List Office Mls Id:
4129
Mls Status:
Active
Modification Timestamp:
2026-05-06T19:46:46Z
Originating System Name:
gsmls
Apartment Complex For Sale
Listing ID:
4025818
Lot Area:
0.30 Acre
$900,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
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