Ideal for both investors and owner-occupants alike, this gem of a property offers versatility and promise. Each unit, currently occupied on a month-to-month basis, presents an opportunity for stability or potential reconfiguration according to preference. This expansive 3-family residence boasting nearly 3,700 square feet of luxurious living space. Currently fetching… Read More a robust gross income exceeding $5,000 per month, this property presents an exceptional investment opportunity with the potential to elevate revenue to over $6,000 monthly by increasing the below market rent units. Separate utilities for each. Also, one or two units can be delivered vacant. Nestled within a prime location, this property has the convenience of being just a 10 minutes walk from the light rail station so commuting to Newark Penn Station becomes effortless, offering seamless access to the bustling cityscape. Enjoy leisurely strolls to the esteemed Branch Brook Park just 5 minutes away, while major thoroughfares such as Route 280, Route 21, and the Garden State Parkway ensure easy connectivity to all destinations. Don't miss out on this rare chance to secure your slice of urban paradise. Read Less
Courtesy of EXP REALTY, LLC.
Listing Snapshot
Days Online
146
Last Updated
Property Type
Other
Beds
9
Lot Size
0.06 Acres
MLS Number
3917173
30 Days Snapshot Of 07104
$540k
+85%
(avg) sold price
3
0%
homes sold
98
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Yes
Cooling
Wall A/C Unit(s)
Exterior Features
Aluminum Siding
Heating
Gas-Natural, 3 Units
Lot
Approximate Lot Size: 28X100, 0.06 acres
Parking
See Remarks
Property
3 units, FHA Age Restricted: No
Roof
Flat
Taxes
Annual Tax Amount: $12,183, Tax Rate: 3.728
Unit One
1 bathroom, 3 bathrooms, Handicap Accessibility: No, CookGas
Unit Two
1 bathroom, 3 bathrooms, Handicap Accessibility: No, CookGas
Unit Three
1 bathroom, 3 bathrooms, Handicap Accessibility: No, CookGas
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