House Description

Income-producing, well-maintained property located in Newark's highly desirable Ironbound section. Fully rented and sold in "As Is condition, this unique investment opportunity features a front multi-family residence plus a separate rear single-family home, offering excellent flexibility for owner occupancy or additional rental income potential. The first-floor unit features 1 bedroom, a living room, an eat-in kitchen, and a full bath, plus an additional 4 rooms and a second full shower bath on the lower level. Additional highlights include central air conditioning, forced-hot-air heating, updated water heaters, and a laundry hookup. The second-floor unit offers 2 bedrooms, an eat-in kitchen, a full bath, laminate and ceramic flooring, updated plumbing, gas heat, window A/C units, and a newer water heater. Tenant pays for electricity and 40% of gas expenses. The rear single-family home features an open-concept living and dining area, modern kitchen with stainless steel appliances, half bath, 2 bedrooms, skylights, full bath, hardwood flooring, central A/C and heat, tankless water heater, and a covered outdoor area. Additional property features include a fenced yard, gated access, and a storage shed. Conveniently located near Newark Penn Station, major highways, Newark Liberty International Airport, restaurants, shopping, and Newark's business district.

Highlights

Listed by CARLOS A SOARES , MP C-21 SEMIAO & ASSOCIATES , 201-991-1300. Garden State MLS

Property Type

Multi-Family

Lot/Acreage

0.06

Year Built

1900

County

Essex

Listing ID

4016791

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms

▪ Bedrooms:9
▪ Bathrooms:4.5
▪ Full Bathrooms:4
▪ 1/2 Bathrooms:1

Air Cond:2 Units,Window A/C(s)

Fireplaces:

Basement:Finished,Walkout

Other:Carbon Monoxide Detector,Fire Extinguisher,Skylight,Smoke Detector,Tile Floors,Wood Floors

Other:Public Water

Payment Calculator

Payment Breakdown

Principal Interest

$4,881

Taxes

$1,369

Home Price

$959,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$191,800

Down Payment

Down Payment %

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Monthly Price:

$4,880.55

Principal

Taxes