$759999 Price Analysis    ♡   Newark, NJ 07108 8 bed 3 bath 2816 SqFt ($269/SqFt) Built 1902 Listed 2024-06-03, Taxes $8000 | Ⓧ USDA Ineligible due to price & location near Newark |
Discover the epitome of investment opportunity with this impeccably maintained 3-family residence nestled in the heart of Newark
NJ's most sought-after locale. Property rents will cover the entire mortgage no matter FHA, VA, Conventional or Cash . Boasting not RECENTLY RENOVATED UNITS but also immense potential for added value, this property stands as a beacon for discerning investors. With tenants currently on month-to-month leases, the door s wide open for strategic upgrades and rental rate adjustments to maximize your returns.Situated in a prime commuter-friendly area, convenience is paramount. Bus stops conveniently stationed plus a new school across the street and a new police academy a mere block away, safety and education are prioritized.As Newark's landscape undergoes rapid revitalization, investing in this property means positioning yourself at the forefront of growth and development.
Seize the opportunity to own a piece of Newark's promising future. Property qualifies for NEWARK LIVE GRANT : provides $20, 000 no-interest loans to first-time homebuyers to purchase a home in Newark. Over a five-year period, 20 percent of the loan is forgiven for each full year in which the recipient has lived in the home.MUNICIPAL EMPLOYEE HOUSING ASSISTANCE PROGRAMThis program is similar to the Live Newark Closing Cost Program. It provides $20, 000 no-interest forgivable loans to purchase a home in Newark
Presented by Isaiah Springer at
Weichert, Realtors - Short Hills.
Property MLS #3905487 from GardenState
Full Bathrooms: 3
Basement Description: Full
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1.0
Total Bathrooms in Unit-2: 1.0
Total Bathrooms in Unit-3: 1.0
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Total Rooms in Unit-3: 5
Unit-1 Square Feet: 2816
Unit-2 Square Feet: 2816
Unit-3 Square Feet: 2816
Unit 1 Total Actual Rent: 2150
Unit 2 Total Actual Rent: 2200
Unit 3 Total Actual Rent: 1700
Source Listing Status: Active
County: Essex
Directions: PLEASE USE GPS
Tax Year: 2022
Source Property Type: Multi-Family
Zoning: x
Source System Name: C2C
Coming Soon Date: 2024-06-07
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $196100 + $18500 $214600 | $8000 |
| 2022 | $196100 + $18500 $214600 | $8017 |
| 2021 | $196100 + $18500 $214600 | $8013 |
| 2020 | $196100 + $18500 $214600 | $8154 |
| 2019 | $196100 + $18500 $214600 | $8071 |
| 2018 | $196100 + $18500 $214600 | $7925 |
| 2017 | $196100 + $18500 $214600 | $7639 |
| 2016 | $196100 + $18500 $214600 | $7382 |
| 2015 | $196100 + $18500 $214600 | $7101 |
| 2014 | $196100 + $18500 $214600 | $6654 |
| 2013 | $196100 + $18500 $214600 | $6337 |
| 2012 | $89500 + $30600 $120100 | $4145 |
| 2010 | $89500 + $30600 $120100 | $3819 |
| 2009 | $89500 + $30600 $120100 | $3289 |
| 2008 | $62800 + $30600 $93400 | $2427 |
| 2007 | $62800 + $30600 $93400 | $2325 |
$759999
GardenState
Sold 2024-04-04
$750000
Public Record
Sold 2023-03-30
$675000
Public Record
Sold 2021-01-25
$283000
Public Record
Sold 2020-12-11
$283000
GardenState
Listing removed 2020-10-23
$0
NewJerseyMLS
Listed 2020-09-29
$249900
NewJerseyMLS
Listing removed 2020-01-22
$251000
NewJerseyMLS
Listing removed 2020-01-07
$0
GardenState
Listing removed 2020-01-06
$0
NewJerseyMLS
Listed 2019-07-11
$251000
NewJerseyMLS
Listed 2019-07-10
$251000
GardenState
Listing removed 2016-03-24
$80000
GardenState
Listed 2015-12-15
$80000
GardenState
Sold 2011-08-19
$270000
Public Record
Sold 2011-01-28
$39900
Public Record
Listing removed 2010-10-14
$39900
GardenState
Listed 2010-08-12
$39900
GardenState
Sold 2006-10-02
$380000
Public Record
Sold 2005-08-22
$140000
Public Record
Year Built: 1902
Building Exterior Type: Aluminum Siding
Property Age: 122
Roof: Asphalt Shingle
House Style: 3-Three Story
Year Built Details: Approximate
Year Remodeled: 2023
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.