Great Investment Opportunity in Maplewood!This well-maintained 4-family property offers an excellent opportunity for investors seeking rental income and future upside. The building features a classic brick exterior, two separate entry foyers, multiple means of egress, a wide 2-car driveway, and a 2-car garage.The property consists of four residential units two… Read More on the upper level and two on the lower level along with a large unfinished basement providing valuable additional storage space. Each apartment has separate utilities, with the owner currently responsible only for water.Current rents are below market value, offering potential for increased rental income for a new owner, subject to applicable local regulations and market conditions.The location provides convenient access to local amenities and transportation, including the newly renovated Maplewood Community Pool, approximately two blocks away. Direct bus transportation to Newark Penn Station is also nearby, and Seton Hall University is approximately five minutes away.Property is being sold strictly AS-IS.A great opportunity to own a multi-family property in a convenient Maplewood location with existing rental income and potential upside. Read Less
Courtesy of KELLER WILLIAMS CITY VIEWS REALTY.
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Beds
8
Lot Size
0.09 Acres
Year Built
1926
MLS Number
4053230
30 Days Snapshot Of 07040
$1.15M
-3%
(avg) sold price
19
0%
homes sold
57
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1926
Cooling
Window A/C(s)
Expenses
Expenses: Cold Water, Hot & Cold Water, Maintenance
Exterior Features
Aluminum Siding, Brick
Garage
2 garage spaces, Detached Garage
Water Features
Public Water
Heating
Gas-Natural, 4+ Units
Lot
Approximate Lot Size: 40X100, 0.09 acres
Parking
4 parking spaces, 2 Car Width
Property
4 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $16,653, Tax Rate: 2.401
Unit One
1 bathroom, 2 bathrooms, Handicap Accessibility: No, Range/Oven - Gas
Unit Two
1 bathroom, 2 bathrooms, Handicap Accessibility: No, Range/Oven - Gas
Unit Three
1 bathroom, 3 bathrooms, Handicap Accessibility: No, Range/Oven - Gas
Unit Four
1 bathroom, 1 bedroom, Handicap Accessibility: No, Range/Oven - Gas
Utilities
All Underground
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