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$ 759,999
Est. payment | /mo
8 Beds
3 Baths
2,816 SqFt
$ 759,999
Est. payment | /mo
8 Beds
3 Baths
2,816 SqFt
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,816 sqft
Price per Sqft $269
MLS Listing ID 3905487
Style 3-Three Story
Bedrooms 8
Full Baths 3
Year Built 1902
Annual Tax Amount $8,017
Tax Year 2022
Property Description
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 only 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 is 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
Location
State NJ
County Essex
Zoning x
Rooms
Basement Full
Interior
Heating See Remarks
Cooling See Remarks
Heat Source See Remarks
Exterior
Exterior Feature Aluminum Siding
Parking Features See Remarks
Utilities Available See Remarks
Roof Type Asphalt Shingle
Building
Sewer See Remarks
Water See Remarks
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by WEICHERT REALTORS