$759999 Price Analysis    ♡   Newark, NJ 07107 8 bed 3 bath 2747 SqFt ($276/SqFt) Built 1920 Listed 2024-06-03, Taxes $7880 | Ⓧ USDA Ineligible due to price & location near Newark |
Welcome to an exceptional investment opportunity in the heart of Newark
NJ, offering both convenience and potential for value enhancement. This 3-family property is ideally located for commuters, with easy access to the highway, ensuring hassle-free travel for tenants.With two RECENTLY RENOVATED open 3-bedroom, 1-bathroom units and a charming 2-bedroom, 1-bathroom unit, this property presents a versatile rental opportunity. Currently boasting market rents , there's ample room for optimization. Upon delivery, one unit will be vacant, providing the perfect opportunity for immediate value addition and potential rent increase.Furthermore, one of the units merely requires slight updates, offering a straightforward path to enhancing its appeal and maximizing rental income.
The 2-bedroom apartment, in particular, commands excellent rents, making it a lucrative asset within the property. Located in a thriving neighborhood with access to local amenities and transportation options, this property holds immense promise for investors. CLOSING COST PROGRAM The Closing Cost Program 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 PROGRAM goal is to encourage City employees to own homes in Newark. It provides $20, 000 n-interest forgivable loans to purchase a home in Newark
Presented by Isaiah Springer at
Weichert, Realtors - Short Hills.
Property MLS #3905477 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: 3
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 3
Unit-1 Square Feet: 2747
Unit-2 Square Feet: 2747
Unit-3 Square Feet: 2747
Unit 2 Total Actual Rent: 1520
Unit 3 Total Actual Rent: 1750
Source Listing Status: Active
County: Essex
Directions: PLEASE USE GPS
Tax Year: 2022
Source Property Type: Multi-Family
Source System Name: C2C
Coming Soon Date: 2024-06-07
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $180100 + $31300 $211400 | $7880 |
| 2022 | $180100 + $31300 $211400 | $7897 |
| 2021 | $180100 + $31300 $211400 | $7893 |
| 2020 | $180100 + $31300 $211400 | $8033 |
| 2019 | $143600 + $31300 $174900 | $6577 |
| 2018 | $143600 + $31300 $174900 | $6459 |
| 2017 | $143600 + $31300 $174900 | $6226 |
| 2016 | $143600 + $31300 $174900 | $6016 |
| 2015 | $143600 + $31300 $174900 | $5787 |
| 2014 | $143600 + $31300 $174900 | $5423 |
| 2013 | $143600 + $31300 $174900 | $5164 |
| 2012 | $85900 + $32500 $118400 | $4087 |
| 2010 | $85900 + $32500 $118400 | $3765 |
| 2009 | $85900 + $32500 $118400 | $3242 |
| 2008 | $85900 + $32500 $118400 | $3077 |
| 2007 | $85900 + $32500 $118400 | $2948 |
$759999
GardenState
Sold 2024-04-05
$750000
Public Record
Sold 2023-03-29
$675000
Public Record
Sold 2019-05-03
$290000
Public Record
Listing removed 2019-02-21
$0
HudsonCounty
Listing removed 2019-02-20
$299000
HudsonCounty
Listed 2019-02-17
$299000
HudsonCounty
Listing removed 2018-09-13
$329000
HudsonCounty
Listed 2018-09-10
$329000
HudsonCounty
Sold 2018-04-23
$152000
Public Record
Listing removed 2017-09-13
$115000
GardenState
Listing removed 2017-08-08
$99000
HudsonCounty
Price Changed 2017-08-07
$99000
HudsonCounty
Listed 2017-08-04
$65000
HudsonCounty
Relisted 2016-06-08
$115000
GardenState
Listing removed 2015-11-17
$125000
GardenState
Listed 2015-11-01
$125000
GardenState
Listing removed 2015-04-03
$800
GardenState
Listing removed 2015-03-28
$125000
GardenState
Listed for rent 2014-11-26
$800
GardenState
Listing removed 2014-11-10
$125000
NewJerseyMLS
Listed 2014-10-18
$125000
NewJerseyMLS
Listed 2014-10-16
$125000
GardenState
Sold 2010-03-10
$235000
Public Record
Sold 2007-06-29
$350000
Public Record
Year Built: 1920
Building Exterior Type: Aluminum Siding
Property Age: 104
Roof: Asphalt Shingle
House Style: 3-Three Story
Year Built Details: Approximate
Year Remodeled: 2023
Map directions Map directions Map directions
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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.