Property Description
Whether you’re an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey’s hottest markets, you don’t want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 bedrooms, 1 bath. Unit 2 is 3 bedrooms, 1 bath, Unit 3 is 1 bed, 1 bath. Unit 1 and 3 will be delivered vacant at closing – ideal for a first-time buyer-investor looking for rental income to offset the mortgage costs. Apartment 2 currently leases at $1,600 per month. Recent upgrades include a new boiler and three hot water tanks. This incredible property is centrally located close to rt 78, 22, 21, GSP & NJTPK, schools, shopping centers, houses of worship, Newark Liberty international airport, universities, Newark Penn station trains & buses, Prudential Center, Downtown Newark business district and walking distance to Westside park/recreational area. The seller would be willing to provide sellers concession for strong offers over the list price to help with financing to buy down the interest rate or to reduce the amount of down payment and closing costs. We will only accept offers from direct end buyers no wholesalers please. This opportunity will not last for long.
Features
: 3 Units, Baseboard - Electric
: Full, Unfinished
: Asphalt Shingle
: 1 Car Width
: Wood Shingle
: Metal Fence
: Detached Garage
: Smoke Detector, Carbon Monoxide Detector, Fire Extinguisher, Vinyl-linoleum Floors, Tile Floors
3
: All Underground
: Public Water
: 2
Address Map
S 20Th St
870
0
W75° 47' 3''
N40° 43' 34.6''
Clinton Ave to S 20th St
MLS Addon
RE/MAX FIRST REALTY II
292273
: Level Lot
5205
R3
$0
$0
Multi-Family For Sale
870 S 20Th St, Newark City, 07108-1127
7 Bedrooms
3 Bathrooms
0.09 Acre
$485,000
Listing ID #48859
Basic Details
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 48859
Ref ID : 3834012
Price : $485,000
Bedrooms : 7
Bathrooms : 3
Year Built : 1917
Lot Area : 0.09 Acre
Country : US
County : Essex
City : Newark City
Zipcode : 07108-1127
Days On Market : 24
Status : Active
Lot Size : 37.6X100
Taxes : $12,265
Tax Year : 2022
Active Days on Market : 0
Agent info
Century 21 Gemini LLC
- Dean Bobo
- 973-769-5235
- 973-696-0805
-
deanbobo@gmail.com
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