Estimated payment $3,615/month
Income producing property: 4 brs / 2.5-bath colonial is conveniently located within walking distance of NYC buses. The basement includes a half bath and a flexible bonus room that can serve as a fourth bedroom. Situated in a light commercial area, the property also features an income-generating business yielding $1,250 per month, an excellent opportunity for passive income and mortgage offset. Current annual rent roll $39,000 (potential annual rent roll $48,000 / annual taxes $13,546). Unit 1 - The first level boasts an updated eat-in kitchen with quartz counter tops, gray shaker cabinets, crown molding, and S/S appliances. This level also comes with an expansive living room accommodating any oversized furniture and a bedroom, for those who prefer to limit their use of stairs. The second level comes with two generously sized bedrooms with huge closet space. The full bathroom includes a luxurious soaking tub with built-in shower accessories as well as an elegant woodgrain vanity. This thoughtfully designed bathroom serves as a serene retreat, perfect for unwinding after a long day. The basement in addition to the half bath and possible 4th brs, has direct access to the spacious attached garage. Additional highlights of this magnificent home include pristine h/d floors throughout, recessed lighting, updated plumbing and electrical systems. For those who commute, proximity to NYC transportation, 15 Minutes from Newark Airport and 35 Minutes from Manhattan
Listing Agent
COLDWELL BANKER REALTY Brokerage Phone: 908-422-8621 Listed on: 03/18/2025
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Bedrooms and Bathrooms
Utilities
Additional Features
Community Details
Listing and Financial Details
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $13,276 | $218,600 | $55,600 | $163,000 |
| 2022 | $13,031 | $218,600 | $55,600 | $163,000 |
| 2021 | $13,070 | $218,600 | $55,600 | $163,000 |
| 2020 | $13,064 | $218,600 | $55,600 | $163,000 |
| 2019 | $8,494 | $146,100 | $55,600 | $90,500 |
| 2018 | $8,329 | $146,100 | $55,600 | $90,500 |
| 2017 | $8,291 | $146,100 | $55,600 | $90,500 |
| 2016 | $8,111 | $146,100 | $55,600 | $90,500 |
| 2015 | $7,923 | $146,100 | $55,600 | $90,500 |
| 2014 | $7,971 | $146,100 | $55,600 | $90,500 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/13/2025 04/13/25 | Pending | -- | -- | -- |
| 03/18/2025 03/18/25 | For Sale | $450,000 | +62.5% | -- |
| 03/01/2021 03/01/21 | Sold | $277,000 | +11.2% | -- |
| 12/18/2020 12/18/20 | Pending | -- | -- | -- |
| 08/08/2020 08/08/20 | For Sale | $249,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $81,725 | -- | |
| Deed | -- | -- | |
| Deed | $217,300 | -- | |
| Deed | $45,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $267,755 | FHA | |
| Previous Owner | $221,550 | FHA |
$529,000
Opportunity knocks with this solid 3-family home perfectly situated in the heart of Newark. This property can be transformed into a high-income producing asset.Located just minutes from major highways, public transportation, downtown Newark.
Cintia D'Urso VOX REALTY
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This well-maintained two-family property offers an excellent investment opportunity with four bedrooms and two full bathrooms. The property has been recently updated, featuring a brand-new roof, a new boiler, and gutters that were replaced just last year. Month- to-month tenants in place, paying below market rents. Located in a rapidly developing area near newly constructed properties. This is a
ALTHEA HEADLEY-GARCIA W. CHERY REAL ESTATE, INC.
Source: Garden State MLS
MLS Number: 3951336
APN: 09-00031-0000-00024
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