Property Description
Legal 3 family w/ 9 bedrooms 3 baths with low taxes located in the Weequahic section of Newark near Weequahic Park. The 1st & 2nd floor unit has 4 bedrooms unit 1 can be connected to the basement to create additional space. Once you have finished the basement you can create a duplex apartment or a separate unit that has a walk out to the spacious garden. The property benefits have a furnace and HVAC system and the water tanks are in good condition. Units 1 & 2 have an open plan concept with lots of natural light with a living and kitchen combo. Unit 1 has been recently painted and has modern wooden floors and units 2 & 3 are in good condition with great paying tenants. Gross rental estimated $2000- $2500 for units 1 & 2 and unit 3 can be rented for $1500-1800 pcm total combined rental $5500-6800+ pcm additional rental $1400-1800 can be generated once the basement has been renovated. Double garage and street parking are available for 4+ cars. Close to all modes of public transportation and minutes away from Downtown Newark, Beth Israel Hospital, Rutgers University, I-280 and Garden State Pkwy an easy commute to New York. Please submit your best offer at your first opportunity. Hight and Best 1/16 @ 6pm and we aim to make a decision on Wednesday 1/18 after 6pm, we had over 120 buyers view the home within the first week with multiple offers over $550K.
Features
: Forced Hot Air, 2 Units, Radiators - Hot Water
: See Remarks
: Unfinished, Walkout
: Asphalt Shingle
: 1 Car Width
: Vinyl Siding
: Detached Garage
: Smoke Detector, Carbon Monoxide Detector, Fire Extinguisher, Wood Floors, Tile Floors
4
: All Underground
: Public Water
: 2
Address Map
Vassar Ave
178
0
W75° 47' 4.1''
N40° 42' 26.6''
Maple Ave Vassar Ave or Elizabeth Ave Chancellor Ave Vassar Ave
MLS Addon
RE/MAX FIRST REALTY II
292273
: Level Lot
5205
R3
$0
$0

Multi-Family For Sale

178 Vassar Ave, Newark City, 07112-1917

9 Bedrooms
3 Bathrooms
2,913 Sqft
$475,000
Listing ID #45421
Basic Details
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 45421
Ref ID : 3823853
Price : $475,000
Bedrooms : 9
Bathrooms : 3
Square Footage : 2,913 Sqft
Year Built : 1927
Lot Area : 0.09 Acre
Country : US
County : Essex
City : Newark City
Zipcode : 07112-1917
Days On Market : 15
Status : Active
Lot Size : 40X100
Taxes : $6,131
Tax Year : 2022
Active Days on Market : 0
Agent info
Century 21 Gemini LLC
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