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.
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9BEDS
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0.09ACRES
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3BATHS
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01/2 BATHS
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2,913SQFT
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$163$/SQFT
School Ratings & Info
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.
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Data last updated 2023-03-21T19:46:58.313.