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Realty of America
63 S 7Th St, Newark City, NJ 07107
- $799,000
- 10
- BD
- 5
- BA
- List Price
- $799,000
- MLS#
- 4058191
- Year Built
- 1910
- Status
- ACTIVE
- County
- Essex
- City
- Newark City
- Bedrooms
- 10
- Bathrooms
- 5
- Baths Full
- 5
- Acres
- 0.06
Property Description
Beautifully renovated three-family residence offering approximately 3,475 square feet of living space in Newark's West Side section, featuring a projected 9.3% cap rate an excellent opportunity for investors seeking strong rental income and return potential. Annual property taxes are approximately $7,438. Hardwood floors and modern kitchens with stainless steel appliances throughout. First floor: Three bedrooms, living room, bonus room, kitchen and one full bath. Full walkout basement: Rec room, sitting area and full bath, with private access from the rear of the home. Second floor: Three bedrooms, living room, kitchen and two full baths. Third floor: Three bedrooms, living room, kitchen and one full bath. Five full baths in total. Separate utilities allow for streamlined expense management. A shared driveway leads to a detached three-car garage, an exceptional feature rarely found in the area. Ideal for investors or owner-occupants looking to live in one unit while renting the others. Conveniently located near The Ironbound, schools, public transportation, shopping and major highways, with easy access to downtown Newark and NYC. Down payment assistance, FHA 100% financing and financing with as little as 3.5%-5% down on 2"4 family properties may be available to qualified buyers, subject to lender approval. Schedule your appointment today before this opportunity is gone!
Additional Information
- Taxes
- $7,438
- Cooling
- Window A/C(s)
- Exterior
- Vinyl Siding
- Garage Spaces
- 3
- Garage Description
- Detached Garage
- Heating
- 3 Units, Radiators - Hot Water, Radiators - Steam
- Interior
- Carbon Monoxide Detector, Chandelier, Fire Alarm Sys, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
- Exterior Features
- Metal Fence
- Garage Description
- Detached Garage
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Listing Courtesy Of EXP REALTY, LLC, Contact: 973-931-8869
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