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437 7Th Ave W

Newark City, NJ 07107
  • $825,000
  • STATUS: Active Under Contract
  • ON SITE: 130 Days
  • MLS #: 3845113
Under Contract
UPDATED: 70 min ago
$825,000
  • 12
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Investment opportunity! This fourplex was recently renovated, is full of potential, and three of the four units are already rented out! You can move in and be an owner-occupier, or rent out one more unit and have it as a money-generating property! This house is close to East Orange border, near parks, houses of worship, schools, and public transportation! There is a potential to add two more basement units - basement has two separate entrances.

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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 2023-09-30T14:46:32.097.
www.goldstandardrealty.com/homes/139797090
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437 7Th Ave W Newark City, NJ 07107

  • Price: $825,000
  • Status: Active Under Contract
  • On Site: 130 Days
  • Updated: 70 min ago
  • MLS #: 3845113
12
Beds
4
Baths
0
½ Baths
0.1
Acres
1900
Built
County:
Essex
Area:
Newark City
Property Description
Investment opportunity! This fourplex was recently renovated, is full of potential, and three of the four units are already rented out! You can move in and be an owner-occupier, or rent out one more unit and have it as a money-generating property! This house is close to East Orange border, near parks, houses of worship, schools, and public transportation! There is a potential to add two more basement units - basement has two separate entrances.
Exterior Features

Approximate Lot Size 44.50 X 100 Exterior Description Vinyl Siding Garage Description Detached Garage Lot Description Level Lot Number Of Parking Spaces 3 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling 1 Unit Heating 1 UnitSee Remarks Total Number Of Rooms 20 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 4 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 6 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 4 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 6 Unit3 Sq Ft 0 Unit4 Appliances Equipment See Remarks Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsKitchenLiving Room Unit4 Rooms 4 Unit4 Sq Ft 0

Property Features

Assessment Total 286400 Building Assessment 268100 Easement No Expenses Include See Remarks Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 5200 Land Assessment 18300 Net Operating Income 0 Renovated Year 2022 Sewer Public Sewer Tax Amount 8028 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Lease Expiration 2023-12-05 Unit2 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit2 Rent 1700 Unit2 Security Deposit 2550 Unit3 Handicap Modified No Unit3 Lease Expiration 2024-04-15 Unit3 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit3 Rent 2600 Unit3 Security Deposit 3900 Unit4 Handicap Modified No Unit4 Lease Expiration 2024-02-15 Unit4 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit4 Rent 1700 Unit4 Security Deposit 2550 Utilities Gas-Natural Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-337-5170.


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 2023-09-30T14:46:32.097.
 
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