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318 N 10Th St

Newark City, NJ 07107
  • $500,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 3804114
Price Reduced
UPDATED: 60 min ago
$500,000
  • 6
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1950
County:
Area:

School Ratings & Info

Description

Welcome to one of the best neighborhoods in Newark, NJ! When an income producing multi-family like this comes to the market, you won't want to miss it. Located in Newark near coveted Branch Brook Park, this home is close to public transportation, shopping, restaurants, schools, and grocery stores. Strong investment property with an income generating BONUS unit. Inquire for details. Impressive 7.2% cap rate. $4,125 of monthly rental income. Easy to commute into major cities including Newark, Jersey City, and New York City. Enjoy your new quiet, homey, and residential neighborhood.

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Garden State MLS logo © 2022 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 Christie's International Real Estate Northern New Jersey. 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 Christie's International Real Estate Northern New Jersey 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 2022-10-02T20:46:28.453.
www.srrealestategroup.com/homes/132481107
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318 N 10Th St Newark City, NJ 07107

  • Price: $500,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 60 min ago
  • MLS #: 3804114
6
Beds
3
Baths
0
½ Baths
0.06
Acres
1950
Built
County:
Essex
Area:
Newark City
Property Description
Welcome to one of the best neighborhoods in Newark, NJ! When an income producing multi-family like this comes to the market, you won't want to miss it. Located in Newark near coveted Branch Brook Park, this home is close to public transportation, shopping, restaurants, schools, and grocery stores. Strong investment property with an income generating BONUS unit. Inquire for details. Impressive 7.2% cap rate. $4,125 of monthly rental income. Easy to commute into major cities including Newark, Jersey City, and New York City. Enjoy your new quiet, homey, and residential neighborhood.
Exterior Features

Approximate Lot Size 25X100 Exterior Description Aluminum Siding Garage Description None Number Of Parking Spaces 0 Parking Driveway Description None Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FinishedFullWalkout Cooling See Remarks Heating See Remarks Total Number Of Rooms 18 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomKitchenLiving 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 BedroomsDining RoomKitchenLiving Room Unit2 Rooms 6 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsDining RoomKitchenLiving Room Unit3 Rooms 6 Unit3 Sq Ft 0

Property Features

Assessment Total 181300 Building Assessment 133800 Easement No Exclusions All Personal Property Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 47500 Net Operating Income 0 Sewer Public Sewer Tax Amount 6769 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 0 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1225 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1400 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1500 Unit3 Security Deposit 0 Utilities Gas-Natural Water Public Water Year Built Description Approximate

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Liberty Realty, Llc.: 201-222-2900.


Garden State MLS logo © 2022 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 Christie's International Real Estate Northern New Jersey. 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 Christie's International Real Estate Northern New Jersey 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 2022-10-02T20:46:28.453.
 
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Christie's International Real Estate Northern New Jersey
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Summit NJ, 07901