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192 1St St

Newark City, NJ 07107
  • $398,900
  • STATUS: Active Under Contract
  • ON SITE: 109 Days
  • MLS #: 3880143
Under Contract
$398,900
  • 6
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

Description

Welcome to 192 1st, Newark NJ. This 2-family investment property offers not only fantastic income potential but also the allure of a prime location near nature and convenient transportation links strategically positioned in close proximity to the picturesque Branch Brook Park and conveniently situated just off the 280 highway! The 1st unit, is occupied currently generating a rental income of $1010 per month, features a well-maintained 2-bedroom, 1-bathroom layout with the potential to expand into a generous 3-bedroom, 1-bathroom space. The 2nd unit "is vacant" spans two stories and boasts 4-bedrooms, 2-bathrooms presenting an excellent canvas for customization into a potential 5-bedroom, 2-bathroom residence, perfectly suited for a larger household or higher rental returns. Please note, the property is being sold in "As Is" condition, providing the buyer with an ideal opportunity to shape the space according to their vision. The buyer will be responsible for obtaining the Certificate of Occupancy (CO) as part of the purchase process. This property combines exceptional investment potential with the added allure of being adjacent to Branch Brook Park and conveniently located near the 280 highway, making it an enticing opportunity for investors or those seeking a multifamily home in a desirable Newark location.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-22T13:21:59.23.
www.williamhagangroup.com/homes/146403125
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192 1St St Newark City, NJ 07107

  • Price: $398,900
  • Status: Active Under Contract
  • On Site: 109 Days
  • MLS #: 3880143
6
Beds
3
Baths
0
½ Baths
0.06
Acres
1910
Built
County:
Essex
Area:
Newark City
Property Description
Welcome to 192 1st, Newark NJ. This 2-family investment property offers not only fantastic income potential but also the allure of a prime location near nature and convenient transportation links strategically positioned in close proximity to the picturesque Branch Brook Park and conveniently situated just off the 280 highway! The 1st unit, is occupied currently generating a rental income of $1010 per month, features a well-maintained 2-bedroom, 1-bathroom layout with the potential to expand into a generous 3-bedroom, 1-bathroom space. The 2nd unit "is vacant" spans two stories and boasts 4-bedrooms, 2-bathrooms presenting an excellent canvas for customization into a potential 5-bedroom, 2-bathroom residence, perfectly suited for a larger household or higher rental returns. Please note, the property is being sold in "As Is" condition, providing the buyer with an ideal opportunity to shape the space according to their vision. The buyer will be responsible for obtaining the Certificate of Occupancy (CO) as part of the purchase process. This property combines exceptional investment potential with the added allure of being adjacent to Branch Brook Park and conveniently located near the 280 highway, making it an enticing opportunity for investors or those seeking a multifamily home in a desirable Newark location.
Exterior Features

Approximate Lot Size 25X98 Exterior Description StoneVinyl Siding Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling None Heating 2 UnitsRadiators - Steam Total Number Of Rooms 15 Unit1 Appliances Equipment Range/Oven - GasRefrigerator Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving/Dining Room Unit1 Rooms 6 Unit1 Security Deposit 1010 Unit1 Sq Ft 0 Unit2 Appliances Equipment Range/Oven - GasRefrigerator Unit2 Baths 2.0 Unit2 Bedrooms 4 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description AtticBedroomsDining RoomEat-In Kitchen Unit2 Rooms 9 Unit2 Sq Ft 0

Property Features

Assessment Total 169300 Building Assessment 150900 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 18400 Net Operating Income 0 Sewer Public Sewer Tax Amount 6325 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1010 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Utilities Gas-Natural Water Public Water

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 732-962-2148.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-22T13:21:59.23.
 
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eXp Realty
910 1st Ave
Asbury Park NJ, 07712