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Discover the incredible potential of this spacious four-family home, thoughtfully designed for both comfort and investment. Each unit features two generously sized bedrooms with the possibility of converting some of the units to a 3 bedroom, providing ample living space that appeals to homeowners and renters alike. The modern, well-equipped kitchens and move-in-ready interiors make this an excellent opportunity for immediate occupancy or rental income. This property offers even more value with 2 separate partially finished basements, ideal for additional storage or future renovation to further enhance its value potential. The large lot includes four garages, providing convenient parking for all units or the option to generate extra income. The sprawling backyard is perfect for outdoor gatherings, adding to the appeal of this fantastic property. Location is key! Situated just seconds from the Garden State Parkway, this home offers easy access to public transportation, making commuting a breeze. Plus, with a beautiful public park nearby, residents can enjoy outdoor recreation just moments from their doorstep. All units are currently occupied with a monthly term. The estimated rent roll for each unit is $1,600-$1,800 Don't miss this exceptional income-producing and appreciation opportunity! Whether you're an investor looking to expand your portfolio or a homeowner seeking rental income, this property is a smart financial move.
| DAYS ON MARKET | 2 | LAST UPDATED | 2/13/2025 |
|---|---|---|---|
| TRACT | Vailsburg | YEAR BUILT | 1952 |
| COMMUNITY | Newark | GARAGE SPACES | 4.0 |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | SPEEDWAY |
|---|---|
| Jr. High School | SPEEDWAY |
| High School | WEST SIDE |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | Newark |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Vinyl Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Natural Gas |
| LOT | 4356 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | Detached |
| SEWER | Public Sewer |
| STYLE | Fourplex |
| SUBDIVISION | Vailsburg |
| TAXES | 15554 |
| UTILITIES | Underground Utilities |
| WATER | Public |
| ZONING | R4 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with EXP REALTY, LLC
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