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526 20Th

Newark City, NJ 07103
  • $574,000
  • STATUS: Active Under Contract
  • ON SITE: 96 Days
  • MLS #: 3875451
Under Contract
UPDATED: 58 min ago
$574,000
  • 5
    BEDS
  • 0.09
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1950
County:
Area:

School Ratings & Info

Description

Welcome to 526 S 20th St, Newark, NJ ? a fantastic investment opportunity in a thriving neighborhood! This well-maintained 3-family home offers a unique combination of comfort, convenience, and potential income. The first-floor unit is currently vacant, providing an excellent opportunity for the new owner to occupy or lease for additional income. 2nd floor and 3rd floor are rented. The partially finished basement offers a full bathroom and a flexible space, ideal for a recreational area, home office, or additional storage. A rare find in the area, the property includes a four-car garage, ensuring ample parking for residents and guests. Situated close to schools, public transportation, shops, and restaurants, this property offers the perfect blend of urban convenience and residential tranquility. Just 30 minutes away from NYC, making it a commuter's dream with convenient access to major transportation routes.Don't miss out on this incredible opportunity to own an income-generating property in a sought-after Newark neighborhood. Schedule your showing today and explore the potential this home has to offer!

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Garden State MLS logo © 2024 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 The Sue Adler Team - Keller Williams. 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 The Sue Adler Team - Keller Williams 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 2024-02-25T15:46:17.62.
www.latestnjlistings.com/homes/145403963
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526 20Th Newark City, NJ 07103

  • Price: $574,000
  • Status: Active Under Contract
  • On Site: 96 Days
  • Updated: 58 min ago
  • MLS #: 3875451
5
Beds
4
Baths
0
½ Baths
0.09
Acres
1950
Built
County:
Essex
Area:
Newark City
Property Description
Welcome to 526 S 20th St, Newark, NJ ? a fantastic investment opportunity in a thriving neighborhood! This well-maintained 3-family home offers a unique combination of comfort, convenience, and potential income. The first-floor unit is currently vacant, providing an excellent opportunity for the new owner to occupy or lease for additional income. 2nd floor and 3rd floor are rented. The partially finished basement offers a full bathroom and a flexible space, ideal for a recreational area, home office, or additional storage. A rare find in the area, the property includes a four-car garage, ensuring ample parking for residents and guests. Situated close to schools, public transportation, shops, and restaurants, this property offers the perfect blend of urban convenience and residential tranquility. Just 30 minutes away from NYC, making it a commuter's dream with convenient access to major transportation routes.Don't miss out on this incredible opportunity to own an income-generating property in a sought-after Newark neighborhood. Schedule your showing today and explore the potential this home has to offer!
Exterior Features

Approximate Lot Size 37.6X100 Exterior Description Aluminum Siding Garage Description Detached Garage Number Of Parking Spaces 5 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished-Partially Cooling Window A/C(s) Heating 3 UnitsRadiators - Steam Total Number Of Rooms 13 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenKitchenLiving RoomLiving/Dining Room Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 1000 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomEat-In KitchenKitchenLiving RoomLiving/Dining Room Unit2 Rooms 5 Unit2 Sq Ft 1000 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsDining RoomEat-In KitchenKitchenLiving/Dining Room Unit3 Rooms 4 Unit3 Sq Ft 500

Property Features

Assessment Total 171100 Building Assessment 138200 Easement No Expenses Include Cold Water Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 1500 Land Assessment 32900 Net Operating Income 54900 Renovated Year 2022 Sewer Public Sewer Tax Amount 6392 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 56400 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Lease Expiration 2023-11-30 Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit2 Rent 1700 Unit2 Security Deposit 1700 Unit3 Handicap Modified No Unit3 Lease Expiration 2023-12-31 Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays Gas Unit3 Rent 1299 Unit3 Security Deposit 1299 Utilities All Underground Water Public Water Year Built Description Renovated

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc: 973-949-0578.


Garden State MLS logo © 2024 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 The Sue Adler Team - Keller Williams. 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 The Sue Adler Team - Keller Williams 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 2024-02-25T15:46:17.62.
 
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