Skip To Content

870 S 20Th St

Newark City, NJ 07108
  • $485,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 3821075
UPDATED: 30 min ago
$485,000
  • 7
    BEDS
  • 0.09
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1917
County:
Area:

School Ratings & Info

Description

Whether you're an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey's hottest markets, you don't want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 bedrooms, 1 bath. Unit 2 is 3 bedrooms, 1 bath, Unit 3 is 1 bed, 1 bath. Unit 1 and 3 will be delivered vacant at closing - ideal for a first-time buyer-investor looking for rental income to offset the mortgage costs. Apartment 2 currently leases at $1,600 per month. Recent upgrades include a new boiler and three hot water tanks. This incredible property is centrally located close to rt 78, 22, 21, GSP & NJTPK, schools, shopping centers, houses of worship, Newark Liberty international airport, universities, Newark Penn station trains & buses, Prudential Center, Downtown Newark business district and walking distance to Westside park/recreational area. The seller would be willing to provide sellers concession for strong offers over the list price to help with financing to buy down the interest rate or to reduce the amount of down payment and closing costs. We will only accept offers from direct end buyers no wholesalers please. This opportunity will not last for long.

Monthly Payment Calculator



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 Christie's International Real Estate Group. 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 Group 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 2023-02-06T22:46:28.557.
www.srrealestategroup.com/homes/135382191
Print Image

870 S 20Th St Newark City, NJ 07108

  • Price: $485,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 30 min ago
  • MLS #: 3821075
7
Beds
3
Baths
0
½ Baths
0.09
Acres
1917
Built
County:
Essex
Area:
Newark City
Property Description
Whether you're an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey's hottest markets, you don't want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 bedrooms, 1 bath. Unit 2 is 3 bedrooms, 1 bath, Unit 3 is 1 bed, 1 bath. Unit 1 and 3 will be delivered vacant at closing - ideal for a first-time buyer-investor looking for rental income to offset the mortgage costs. Apartment 2 currently leases at $1,600 per month. Recent upgrades include a new boiler and three hot water tanks. This incredible property is centrally located close to rt 78, 22, 21, GSP & NJTPK, schools, shopping centers, houses of worship, Newark Liberty international airport, universities, Newark Penn station trains & buses, Prudential Center, Downtown Newark business district and walking distance to Westside park/recreational area. The seller would be willing to provide sellers concession for strong offers over the list price to help with financing to buy down the interest rate or to reduce the amount of down payment and closing costs. We will only accept offers from direct end buyers no wholesalers please. This opportunity will not last for long.
Exterior Features

Approximate Lot Size 37.6X100 Color Of Building Blue Exterior Description Wood Shingle Exterior Features Metal Fence 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 FullUnfinished Cooling None Heating 3 UnitsBaseboard - Electric Interior Features Carbon Monoxide DetectorFire ExtinguisherSmoke DetectorTile FloorsVinyl-Linoleum Floors Total Number Of Rooms 14 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenSunroom Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 9999 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsDining RoomEat-In KitchenSunroom Unit2 Rooms 6 Unit2 Sq Ft 9999 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 4 Unit3 Sq Ft 9999

Property Features

Assessment Total 328300 Building Assessment 315400 Building Number 870 Easement Unknown Exclusions None Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 999999 Home Warranty Yes Land Assessment 12900 Net Operating Income 999999 Sewer Public Available Tax Amount 7841 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 999999 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 9999 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 9999 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 9999 Unit3 Security Deposit 0 Utilities All Underground Water Public Water Year Built Description Approximate Zoning R3

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 908-664-1500.


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 Christie's International Real Estate Group. 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 Group 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 2023-02-06T22:46:28.557.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3821075-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3821075-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3821075-2.jpg
Logo
Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901