BEDS6
BATHS3 full
MLS#4063280
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNorth Newark
Property Description
Excellent investment opportunity in Newark?s North Ward/Forest Hill area. This fully occupied two-family property generates $4,100 in monthly rental income ($49,200 annually). The first-floor unit, including use of the registered finished basement, rents for $2,450 per month, while the second-floor unit rents for $1,650 per month. The registered basement features three multipurpose rooms, a full bathroom, and a walk-out entrance. Ideally located along the Mt. Prospect Avenue corridor, offering convenient access to Branch Brook Park, shopping, dining, public transportation, major highways, and Downtown Newark. An attractive opportunity to acquire an established income-producing multifamily property in a convenient North Ward location.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full, Walkout
Cooling: Window A/C(s)
Fuel Type: Gas-Natural
Heating: 2 Units, Baseboard - Hotwater
Lot Size: 0.06 Acres
Roof Type: Rubberized
Taxes: $4,374
Year Built: 1895
Amenities
Carbon Monoxide Detector
Fire Extinguisher
Smoke Detector
Sidewalk
Feature Descriptions
Days on Site: 2
Driveway: On-Street Parking
Exterior: Vinyl Siding
Lot: Level Lot
Lot Dimensions: 0.06 acre(s)
Parking Notes: On-Street Parking
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Water: Public Water
Local Schools
High School: BARRINGER
Middle School: RIDGE ST
Elementary School: HERNANDEZ
Listed By / Shown By
Listed By
Agency Name: HOWARD HANNA RAND REALTY
Agency Contact: 973-740-1881
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,748.98 per month $1,224.06 Principal & Interest $364.50 Property Tax $160.42 Homeowner's InsuranceChange Payment Information
815 Mount Prospect Ave | MLS# 4063280
This multi-family property located at 815 Mount Prospect Ave, Newark, NJ 07104 is currently listed for sale with an asking price of $550,000. Search Newark real estate on www.realtymarkllc.com today.