$585,000

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372-374 Summer Ave Newark, NJ, United States 07104

Buy one house and get two lots in the process! An incredible opportunity to purchase a fabulous 2-family home with a bonus third floor unit on a Double Lot. Welcome to 372-374 Summer Ave, a rare find in the sought-after Forest Hills section of Newark! This 2-family home situated on a double lot, offers not only incredible living space but also an excellent investment opportunity. Each unit boasts spacious living areas, high ceilings, hardwood floors, and loads of natural light. Both units feature 2 bedrooms, 1 bathroom, and ample space for comfortable living. The third-floor unit is a delightful bonus featuring 2 bedrooms, 1 bathroom, a cozy living area, and a kitchen-area. The fully finished basement offers an in-law suite with a bonus room, a kitchenette, and a full bath. The expansive double lot offers endless possibilities. The empty back lot is flanked on each side by newly constructed multifamily homes that are great examples of what can be built here. While the front lot is accessed from Summer Ave, the back lot has an entrance of its own on Woodside Ave. This property is perfect for a homeowner seeking a spacious residence on a large lot with rental income potential or a savvy investor looking for a remarkable opportunity to build in a sought-after location. All units are currently rented below market value and tenancy is month-to-month. Home is being conveyed in As-Is condition!

Amenities

  • Bedrooms: 6
  • Full Bathrooms: 4
  • Partial Bathrooms: 0
  • Property Type: Multi-Family
  • Home size: 3,102 ft2 / 288.18 m2
  • MLS: 3917600

Property brokered by

WEICHERT, REALTORS®

(800) 824-2408

Get more listing details on brokerage site

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