Don't miss this incredible income-producing three-family property featuring 11 total bedrooms and 3 full bathrooms, offering excellent cash flow and strong upside potential. Currently generating $4,700 per month in rental income, this property is ideal for both investors and owner-occupants.Each unit offers spacious layouts, and the large basement provides endless… Read More possibilities for additional storage, recreation space, or potential bonus rooms (subject to municipal approvals). The property also features a whole-house water softener system, off-street parking, and the increasingly sought-after convenience of an electric vehicle charging station.Occupancy flexibility makes this a standout investment:1 Unit: Month-to-Month Tenant. Second Unit: Lease in Place Until January. 3rd Floor: Will be delivered Vacant. Perfectly positioned between Interstate 280 and the Garden State Parkway, this property offers easy access to major highways and is conveniently located near NJ Transit stations with direct service to New York City, making it highly attractive to commuters.Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income from the others, this versatile multi-family property presents an outstanding opportunity in one of Newark's rapidly growing neighborhoods. Read Less
Courtesy of KELLER WILLIAMS VILLAGE SQUARE.
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Beds
11
Lot Size
0.09 Acres
Year Built
1930
MLS Number
4037593
30 Days Snapshot Of 07018
$382k
-9%
(avg) sold price
12
+140%
homes sold
97
-45%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished-Partially, Full, Yes
Building
Built in 1930
Cooling
None
Exterior Features
Vinyl Siding
Water Features
Public Water
Heating
Gas-Natural, 3 Units, Baseboard - Hotwater
Lot
Approximate Lot Size: 38X100, 0.09 acres
Parking
3 parking spaces, Driveway-Shared
Property
3 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $19,335, Tax Rate: 3.241
Unit One
1 bathroom, 4 bathrooms, Handicap Accessibility: No, CookGas, KitExhFn, Refrig
Unit Two
1 bathroom, 4 bathrooms, Handicap Accessibility: No, CookGas, KitExhFn, Refrig
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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