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$590000   Price Analysis
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190 Custer Ave
Newark, NJ 07112
5 bed 3 bath 2900 SqFt ($203/SqFt)
4792SqFt lot. Built 1920
Listed 2024-04-22
Ⓧ USDA Ineligible
due to location

near Newark

Great opportunity to owner occupy a 3 family n the first level and collect from 2 above.

* Sale Pending *

This spruced up first level is ready with new carpeting and paint job in the vacant unit which offers a large kitchen, side library or den and good sized 2 bedrooms. 2nd floor footprint is same as 1st floor. Third level was recently renovated and offers another 4 rooms with good ceiling he ight open kitchen area.

Spacious home features 3 units with separate utilities, a driveway, separate garage and easy access to Route 78 for a seamless commute. Live and invest all in one transaction. NOI noted assumes 1st floor own occupant.


Presented by Michele Chiles-Hickman at
BHHS Fox & Roach Montclair Sales Office.
Listing Agent Photo

Property MLS #3897399 from GardenState

Bedrooms: 5

Total Bathrooms: 3.00
Full Bathrooms: 3

Carbon Monoxide Detector
Carpeting
Fire Extinguisher
Smoke Detector

16
Basement Description: Unfinished

Heating Features: 3 Units
Heating Fuel: Gas-Natural

Curbs
Sidewalk

Lot Description: Level Lot
Lot Size Acres: 0.11
Lot Size Square Feet: 4792

Driveway: 1 Car Width
Garage Spaces: 1
Garage Description: Detached Garage
Parking Total: 3

Gross Income: 33444

Number of Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
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: 6
Total Rooms in Unit-2: 6
Total Rooms in Unit-3: 4
Unit-1 Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Sunroom
Unit-2 Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Sunroom
Unit-3 Description: Bedrooms, Kitchen, Living Room
Unit-1 Furnished Description: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit-2 Furnished Description: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit-3 Furnished Description: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit-1 Square Feet: 1100
Unit-2 Square Feet: 1100
Unit-3 Square Feet: 700
Unit 2 Total Actual Rent: 1337
Unit 3 Total Actual Rent: 1450

Annual Tax Amount: 6337
Source Listing Status: Under Contract
County: Essex
Directions: Nye to Osborne or Seymour then to Custer.
Tax Year: 2023
Source Property Type: Multi-Family
Home Warranty: No
Source Neighborhood: Weequahic
Subdivision: Weequahic
Source System Name: C2C

Listed 2024-04-22
$590000
GardenState

Net Operating Income: 20761
Operating Expense: 12683
Operating Expense Includes: Cold Water, Electric, Insurance, Taxes

Year Built: 1920
Building Exterior Type: Wood Shingle
Property Age: 104
Roof: Asphalt Shingle
House Style: 3-Three Story
Year Built Details: Approximate

Sewer: Public Sewer
Cable TV
Water Source: Public Water

Other Equipment: Gas

B.R.I.C.K. Peshine Academy is a public elementary and middle school located approximately 0.2 miles away.
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Team Academy Charter School is a public elementary, middle and high school located approximately 0.3 miles away.
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Calvary Christian School is a private elementary and middle school located approximately 0.5 miles away.
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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.