Opportunity to own a fixer-upper with strong value-add potential in Essex County. This multi-family property offers approximately 3,348 sq ft of living space, featuring 9 bedrooms, 3 bathrooms, and a full basement. Built in 1905, the property includes existing plans for a potential 3-family conversion (buyer to verify all approvals… Read More and zoning). The ground floor commercial space provides flexibility for possible residential conversion or garage use. Perfect for an owner-occupant live in one unit and rent the others with low down payment options potentially available for qualified buyers. The property also presents strong rental income potential. The seller, a licensed contractor, is available to complete the build-out at an additional cost. Property is being sold as-is and requires renovation. Notable conditions include missing tiles in the first-floor bathroom. The third floor shows a hole in the exterior trim, a hole in the wall, discoloration under the living room window, a missing bedroom wall, and prior ceiling discoloration in the living room. Ideal for investors or end-users looking to customize and maximize value. Read Less
Courtesy of REALTY ONE GROUP LEGEND.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,588
Lot Size
0.06 Acres
Year Built
1905
MLS Number
4019696
30 Days Snapshot Of 07103
$403k
-7%
(avg) sold price
6
+100%
homes sold
62
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Yes
Building
Built in 1905
Cooling
Central Air
Exterior Features
Aluminum Siding
Water Features
Public Water
Heating
Gas-Natural, Forced Hot Air
Lot
Approximate Lot Size: 25X100, 0.06 acres
Parking
None
Property
4,588 sqft building, 3 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $7,038, Tax Rate: 3.999
Unit One
1 bathroom, 3 bathrooms, 1,116 sqft, Handicap Accessibility: No, See Remarks
Unit Two
1 bathroom, 3 bathrooms, 1,116 sqft, Handicap Accessibility: No, See Remarks
Unit Three
1 bathroom, 3 bathrooms, 1,116 sqft, Handicap Accessibility: No, See Remarks
Utilities
Gas-Natural
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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