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155 Sherman Ave

Newark City, NJ 07114
  • $300,000
  • STATUS: Active Under Contract
  • ON SITE: 150 Days
  • MLS #: 3839933
Short Sale
UPDATED: 64 min ago
$300,000
  • 7
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

Description

Are you looking for a real estate investment opportunity with a lot of potential? Look no further! This 3-family property in Newark, NJ is a short sale, and it needs some work, but with $150k in rehab, you can turn it into a real gem.This property needs a lot of work, including a new roof, siding, and windows, as well as a new heating system. There is also some mold in the third-floor apartment that will need to be addressed.Despite these issues, this property has a lot of potential. With three separate apartments, you can earn rental income from multiple sources. Plus, the location in Newark is ideal, with easy access to major highways, public transportation, and all the amenities the city has to offer.So if you're up for a challenge and want to turn this property into a profitable investment, don't wait any longer. Schedule a viewing today and see for yourself the potential this property has to offer.

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Garden State MLS logo © 2023 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 Gold Standard 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 Gold Standard 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 2023-09-22T09:46:49.483.
www.goldstandardrealty.com/homes/138847563
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155 Sherman Ave Newark City, NJ 07114

  • Price: $300,000
  • Status: Active Under Contract
  • On Site: 150 Days
  • Updated: 64 min ago
  • MLS #: 3839933
7
Beds
3
Baths
0
½ Baths
0.06
Acres
1924
Built
County:
Essex
Area:
Newark City
Property Description
Are you looking for a real estate investment opportunity with a lot of potential? Look no further! This 3-family property in Newark, NJ is a short sale, and it needs some work, but with $150k in rehab, you can turn it into a real gem.This property needs a lot of work, including a new roof, siding, and windows, as well as a new heating system. There is also some mold in the third-floor apartment that will need to be addressed.Despite these issues, this property has a lot of potential. With three separate apartments, you can earn rental income from multiple sources. Plus, the location in Newark is ideal, with easy access to major highways, public transportation, and all the amenities the city has to offer.So if you're up for a challenge and want to turn this property into a profitable investment, don't wait any longer. Schedule a viewing today and see for yourself the potential this property has to offer.
Exterior Features

Approximate Lot Size 25X100 Exterior Description Vinyl Siding Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Composition Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(S) Heating 3 UnitsSee Remarks Total Number Of Rooms 18 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - Gas Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving/Dining RoomMaster Bedroom Unit1 Rooms 6 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - Gas Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving/Dining RoomMaster Bedroom Unit2 Rooms 6 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving/Dining RoomMaster Bedroom Unit3 Rooms 6 Unit3 Sq Ft 0

Property Features

Assessment Total 223300 Building Assessment 175800 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 47500 Net Operating Income 0 Sewer Public Sewer Tax Amount 8342 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style Triplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 0 Unit3 Security Deposit 0 Utilities All Underground Water Public Water Year Built Description Approximate

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams Village Square: 201-445-4300.


Garden State MLS logo © 2023 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 Gold Standard 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 Gold Standard 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 2023-09-22T09:46:49.483.
 
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