418 Summer Ave
Newark City, NJ 07104
Price: $579,000
GSMLS: 3969928Type: Multi-Family
Style: Duplex-Side by Side
Total Units: 2
Beds: 5
Baths: 3 Full & 1 Half
Garage: 1-Car
Year Built: 1910
Acres: 0.04
Property Tax: $4,111
Description
Great Investment Opportunity In The Desirable Forest Hills Section Of Newark! This Well-maintained Two-family Home Offers Both Comfort And Income Potential. The First-floor Unit Features 2 Spacious Bedrooms, 1 Full Bathroom, A Large Eat-in Kitchen, And An Open Living/dining Area Perfect For Modern Living. The Second-floor Unit Offers Even More Space, With 3 Generously Sized Bedrooms, 1 Full Bathroom, And A Convenient Half Bath. Both Units Were Tastefully Renovated Just Four Years Ago And Remain In Excellent Condition. The Walk- Out Finished Basement, Complete With A Full Bathroom, Provides Additional Space Ideal For Storage, Recreation, Or Entertainment. The Property Also Features A Convenient Garage And Ample On-street Parking. Each Unit Is Currently Rented, Making This An Ideal Opportunity For Investors Or Owner-occupants Seeking Rental Income. Very Low Taxes. Conveniently Located Near Shops, Major Highways, Newark Penn Station And Downtown, Branch Brook Park And Newark International Airport Only 7 Miles Away. Don't Miss Your Chance To Own A Turnkey Property In One Of Newark's Most Sought-after Neighborhoods!
General Info
Style:
Duplex-Side by Side
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Finished, Walkout
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
18.9X99.10
Lot Desc:
Level Lot
Parking
Garage Capacity:
1-Car
Description:
Carport-Detached
Parking:
Additional Parking
Spaces Available:
1
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$579,000
Tax Amount:
$4,111
Land Assessment:
$17,700
Build. Assessment:
$90,400
Total Assessment:
$108,100
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3969928
List Date:
06-17-2025
Days On Market:
0
Listing Broker:
ROSA AGENCY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHillsRockaway.com
