House Description

Exceptional opportunity to own a newer construction 3-family property in Newark with strong income potential, spacious layouts, and rare parking flexibility. Built in 2006, this well-sized multi-family features one 2-bedroom apartment and two oversized 3-bedroom apartments, each offering separate living rooms, dining rooms, and in-unit laundry.What truly sets this property apart is the parking and future upside potential. In addition to the built-in 2-car garage, the property also features a massive 4-car-wide driveway in the rear, offering rare off-street parking capacity that is increasingly difficult to find in Newark. The oversized lot may also present future development possibilities for additional units and/or parking, subject to buyer verification and municipal approvals.Conveniently located just blocks from Route 280 and Route 21, this property offers excellent accessibility to major commuter routes, buses, and the Light Rail. Also located near Branch Brook Park, schools, shopping, restaurants, and entertainment including NJPAC.Ideal for investors or owner-occupants seeking a strong long-term hold opportunity with income, space, parking, and future potential all in one property. Property being sold strictly AS-IS. Buyer responsible for obtaining the Certificate of Occupancy and Smoke Certificate.

Highlights

Listed by LUIS DAVILA , MP COLDWELL BANKER REALTY , 973-778-4500. Garden State MLS

Property Type

Multi-Family

Lot/Acreage

0.07

Year Built

2006

County

Essex

Listing ID

4026353

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Interior Features

Bedrooms and Bathrooms

▪ Bedrooms:8
▪ Bathrooms:3
▪ Full Bathrooms:3

Air Cond:Central Air,Multi-Zone Cooling,See Remarks

Fireplaces:

Basement:Finished,Full,Walkout

Other:Blinds,Carbon Monoxide Detector,Fire Extinguisher,Security System,See Remarks,Smoke Detector,Walk-In Closet,Wood Floors

Other:Public Water, See Remarks

Exterior Features

Lot:Corner,Level Lot,Possible Subdivision

Lot Dimensions:30X100

Zoning:RDV

Roof:Asphalt Shingle, See Remarks

Others:Curbs,Metal Fence,See Remarks,Sidewalk,Thermal Windows/Doors,Brick,Vinyl Siding,Additional Parking,Concrete,Hard Surface,Parking Lot-Exclusive

Sewer:Public Sewer

Parking Features:Built-In Garage,Carport-Attached,Garage Door Opener,See Remarks

Payment Calculator

Payment Breakdown

Principal Interest

$4,321

Taxes

$767

Home Price

$849,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$169,800

Down Payment

Down Payment %

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Monthly Price:

$4,320.74

Principal

Taxes