712-714 Summer Ave - Apartments FOR SALE


Newark, NJ 07104- Forest Hill
$1,049,000 USD
800-862-4348
712-714 Summer Ave, Newark, NJ for Sale
$1,049,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

712-714 Summer Ave
Newark, NJ 07104
Forest Hill


HIGHLIGHTS

  • Receivership Auction - Low Reserves
  • In "Urban Target Area" (UTA)
  • Stabilized with upside potential.

OVERVIEW

Court Ordered Receivership Auction Sale. July 14 @6PM ET. This property consists of 6 residential apartments plus basement. Low maintenance & income producing Value add opportunity. In "Urban Target Area" (UTA). 2% Broker Coop Offered. Low Reserve @ $1,049,000 For inspection times please see our website: https://auctionadvisors.com/property-details/essex_auction_438/ This property is being sold individually but is part of a 4-property auction in Newark/Orange. For details, see: https://auctionadvisors.com/property-details/essex_auction_438/

FOR SALE DETAILS

PRICE

$1,049,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

7

PRICE/UNIT

$149,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,556 SF

ZONING

-

APN/PARCEL ID

14-00763-0000-00013

ASK ABOUT THIS PROPERTY

Oren KleinAuctionAdvisorsMore Info
800-862-4348

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Oren KleinAuctionAdvisorsMore Info
800-862-4348

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.