Great Turnkey Home or Investment Opportunity in Newark! Partially renovated in 2023, this versatile property features very low taxes and a multi-level layout designed for modern living or high rental income potential across three distinct levels.The first floor boasts a spacious, light-filled layout with 3 comfortable bedrooms and 1 full… Read More bathroom perfect for an owner's suite or primary rental unit. The private second floor features a 1-bedroom, 1-bath apartment ideal for extra rental income. The lower level offers an excellent bonus asset: a fully equipped studio space with its own private entrance, providing endless possibilities for a home office, gym, or guest suite.Inside, enjoy updates from the 2023 renovation, including refreshed flooring, contemporary fixtures, and updated kitchens and bathrooms. The exterior features are just as impressive. Say goodbye to street parking hassles with a rare, detached 2-car garage. The outdoor space is an entertainer's dream, featuring a private patio perfect for summer barbecues and a nice backyard for recreation, gardening, or pets.Conveniently located near major highways, public transit, shopping, and dining, this property is a rare find. With its low-overhead tax advantage, this home is a must-see whether you are looking to live in one unit and rent the others or add a high-performing asset to your portfolio! Read Less
Courtesy of KELLER WILLIAMS - NJ METRO GROUP.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
5
Lot Size
0.07 Acres
Year Built
1968
MLS Number
4036260
30 Days Snapshot Of 07106
$540k
+7%
(avg) sold price
4
-33%
homes sold
66
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Cooling
Window A/C(s), See Remarks
Basement
Finished, Full, Walkout, Yes
Building
Built in 1968, Renovated in 2023
Exterior Features
Vinyl Siding, Sidewalk
Garage
2 garage spaces, Built-In Garage
Water Features
Gas, Public Water
Heating
Gas-Natural, 2 Units
Lot
Approximate Lot Size: 33.4X86.6 AVG., 0.07 acres, Level Lot
Parking
2 parking spaces, Driveway-Exclusive
Property
2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $5,606, Tax Rate: 3.999
Unit One
1 bathroom, Handicap Accessibility: No, Carbon Monoxide Detector, See Remarks
Unit Two
1 bathroom, 3 bathrooms, Handicap Accessibility: No, Carbon Monoxide Detector
Unit Three
1 bedroom, Carbon Monoxide Detector
Utilities
Gas-Natural
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