Discover unparalleled potential with this exceptional multifamily property situated in the vibrant heart of Newark. This legally approved two-family home, with a lucrative bonus unit, offers a remarkable investment opportunity with strong rental income prospects of over $60,000 annually. Property Highlights:Brand new roof with 10yr warrantyVersatile Layout: This property features… Read More three well-appointed units:Unit 1: Spacious 4-bedroom, 1-bathroomUnit 2: Generous 4-bedroom, 2-bathroomUnit 3: Comfortable 2-bedroom, 1-bathroomPrime Location: Conveniently located near public transportation and a laundry facility, ensuring high demand from tenants and ease of living. Strong Income Potential: With its ideal configuration and strategic location, this property is poised to deliver impressive returns. Whether you're an experienced investor or new to the real estate market, this property offers a fantastic opportunity to secure a high-yield asset in a dynamic and growing area. Don't miss your chance to capitalize on this prime investment! Read Less
Courtesy of KELLER WILLIAMS HUDSON VALLEY.
Listing Snapshot
Days Online
34
Last Updated
Property Type
Single Family Residence
Beds
10
Full Baths
4
Lot Size
0.06 Acres
Year Built
1882
MLS Number
3924976
30 Days Snapshot Of 07107
$
-35%
(avg) sold price
1
-50%
home sold
157
+93%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Cooktop - Gas, Refrigerator
Basement
Unfinished, Yes
Building
Built in 1882, Renovated in 2018, Multi Floor Unit
Community
No
Cooling
See Remarks
Exterior Features
See Remarks
Garage
None
Water Features
Public Water
Heating
Gas-Natural, Forced Hot Air, See Remarks
Interior Features
Carbon Monoxide Detector, High Ceilings, Smoke Detector
Kitchen
Eat-In Kitchen
Lot
Approximate Lot Size: 25X100, 0.06 acres
Parking
None
Pool
No
Property
FHA Age Restricted: No
Roof
See Remarks
Sewer
Public Sewer
Taxes
Annual Tax Amount: $6,550, Tax Rate: 3.728
Utilities
Gas-Natural
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