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Perfect for both investors and owner-occupants, this expansive 3-family home offers nearly 3,700 sq. ft. of living space and incredible potential. Each unit is currently occupied on a month-to-month basis, providing flexibility for long-term stability or future reconfiguration. Select units can be delivered vacant for the right buyer. Generating over $5,000 per month in gross income, this property offers an exceptional opportunity to increase revenue to $7,000+ monthly by adjusting below-market rents. Each unit features separate utilities, adding to its investment appeal. Located just a 10-minute walk to the Light Rail, commuting to Newark Penn Station is quick and easy. Enjoy Branch Brook Park just 5 minutes away, while major highways like Route 280, Route 21, and the Garden State Parkway provide seamless access to the entire region. Bonus: This property qualifies for a special loan program with an interest rate as low as 5.875% and NO PMI! Don?t miss out?call today!
| DAYS ON MARKET | 1 | LAST UPDATED | 3/5/2025 |
|---|---|---|---|
| YEAR BUILT | 1940 | COMMUNITY | Newark |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | Newark |
|---|---|
| BASEMENT | Full, Yes |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Natural Gas |
| LOT | 2614 sq ft |
| SEWER | Private Sewer |
| STORIES | 3 |
| STYLE | 3-Three Story |
| TAXES | 12428 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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