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908.585.4111
Pinn Realty Inc
435 Kerrigan Blvd, Newark City, NJ 07106
- $800,000
- 8
- BD
- 4
- BA
- 6,300
- SqFt
- List Price
- $800,000
- Status
- ACTIVE
- MLS#
- 4055814
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 6,300
- Lot Size (Acres)
- 0.16
- Year Built
- 1930
Property Description
Well-maintained fully "Brick 4-family investment property in sought-after Upper Ivy Hill of Newark offering approximately 6,300 sq. ft The first-floor units each consist of 1 Br, while the second-floor units each feature 2 Brs, providing a current configuration of 6 Brs and 4 Bths. However, with the exceptionally spacious floor plan, both first-floor units offer the potential to accommodate a second Br, increasing the property to a possible 8-Br, 4-Bth configuration. The potential annual rental income for this property is $96,000, with annual taxes amounting to $10,227. This results in a net annual income of $85,773 before utilities and debt servicing charges. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height, partially finished with unlimited potential. This is a commuter's delight, walking distance to NYC express 107 bus, 5 minute drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls
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Additional Information
- Area
- Newark City
- Subdivision
- Upper Vailsburg
- Utilities
- Electricity Available, Natural Gas Available
- Taxes
- $10,289
- Subdivision
- Upper Vailsburg
- Zoning
- Residential
- Basement
- Walkout, Full, Partial
- Cooling
- None
- Roof
- Asphalt, Flat
- Show Address
- Yes
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Listing Courtesy Of COLDWELL BANKER REALTY, Contact:
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