337 S 19th St

Newark City, NJ 07103


 

Price: $450,000

GSMLS:  3931361
Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 8
Baths: 3 Full
Garage: No
Year Built: 1900
Acres: 0.06
Property Tax: $6,628
Description
Newark Legal Three-family Home With 2/3/3-bed, A Spacious Basement, And Low Taxes Offers Significant Investment Potential. First-floor Unit Includes An Option To Add An Additional Room Facing The Front Of The Home. The Property, Sold Without Parking, Does Not Include The Rear Lot On The Left Hand Side. Full Renovation, Estimated At $200-250k Depending On Scope, Allows For Customization With An Opportunity To Add 2 Bathrooms Per Unit And An Additional One In The Basement, Creating A New-build Construction Appeal. Second-floor Unit Has The Option To Add 4 Bedrooms, Walk-in Closet, Or Bathroom Toward The Front, Maximizing The Layout.projected Rental Income Ranges From $2,000 To $2,500 Per Unit. Located In The 07103 Zip Code, This Property Sits Close To Rutgers And Njit Campuses, Downtown Newark, And Major Transit Routes, Including Links To Nyc, I-78, Garden State Parkway, Us-22, And Newark Airport. This Makes It An Ideal Cash-flow Property For Investors Or An Opportunity For Homeowners To Build Equity While Tenants Cover The Mortgage.this Property Is Sold "as Is And Requires Cash, Conventional, Hard Money, Or Fha 203k Renovation Loan Financing. A Temporary Certificate Of Occupancy Has Been Obtained. Daytime Viewings Only Are Recommended Due To Lack Of Electricity And Use A Flashlight, Every Buyer Must Sign Hold Harmless Agreement Before Entry Due To The Property's Current Condition. Don't Miss Out On This Exceptional Investment Opportunity In A Prime Newark Location.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
25.1X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
See Remarks
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Available, Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
13TH AVE
Middle:
14TH AVE
High School:
WEST SIDE
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$450,000
Tax Amount:
$6,628
Land Assessment:
$21,300
Build. Assessment:
$156,500
Total Assessment:
$177,800
Tax Rate:
3.73
Tax Year:
2023
Listing Information
MLS ID:
3931361
List Date:
10-26-2024
Days On Market:
10
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Raeemah Redd
 

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3108 Route 10 West
Denville, NJ 07834
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RE/MAX

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Succasunna, NJ 07876
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Shawn and Diane Fox