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This well-maintained two-family property offers an excellent investment opportunity with eight bedrooms and three full bathrooms, generating high rental income - currently $4,660 with room for higher rent roll - while benefiting from low property taxes. The property has been recently updated, featuring a brand-new roof, a new boiler, and gutters that were replaced just two years ago. With reliable, month- to-month tenants in place, it ensures steady cash flow for investors or savyy buyers house-hacking. (a unit can be deivered vacant) Located in a rapidly developing area near newly constructed luxury condos, the neighborhood is undergoing significant reconstruction, increasing property values and future appreciation potential. This is a prime opportunity to invest in a high-demand location. The first and second floor have the same layout.
| DAYS ON MARKET | 3 | LAST UPDATED | 2/19/2025 |
|---|---|---|---|
| YEAR BUILT | 1907 | COMMUNITY | Newark |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Newark |
| BASEMENT | Full, Unfinished, Yes |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Natural Gas |
| LOT | 2178 sq ft |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | 3-Three Story |
| TAXES | 6830 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with KELLER WILLIAMS VILLAGE SQUARE
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