Description
Spacious and versatile three-family property offering exceptional income potential and flexibility. The first-floor unit features 3 bedrooms and 1 full bath, while the second and third floors each offer 3 bedrooms and 2 full baths, providing strong rental potential across all units.The third floor unit is currently vacant, creating an immediate opportunity for an owner-occupant to move in and generate income right away, or for an investor to set market rent from day one.A standout feature is the finished basement with a full bath, open recreational area, kitchenette, and two private rooms. This space offers incredible flexibility and can easily be incorporated into the first-floor unit to create expanded living, guest space, a home office setup, or extended living space.Each unit has separate utilities, maximizing efficiency and simplifying management. Ideal for an owner looking to offset their mortgage with rental income or an investor seeking a strong income-producing asset. Property is being sold AS-IS.
Details
| MLS # | 4018994 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 1910 |
| Days On Site | 171 |
| Listing Provided By | KELLER WILLIAMS SUBURBAN REALTY | ROBERT COPPOLA |
Features
| Bath(s) | 6 Total |
|---|---|
| Basement | Y |
Taxes
| Property | 14596 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07107 |
| Area | Essex |
| Community Name | Fairmount |
| Listing VS Median (in Fairmount) | |
Price: $599,000 low | high Med: $499,000 On site: 171 low | high Med: 0 | |
Market Activity 07107
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07107 |
| Area | Essex |
| Community Name | Fairmount |
| Listing VS Median (in Fairmount) | |
Price: $599,000 low | high Med: $499,000 On site: 171 low | high Med: 0 | |
