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    40 Yates Ave , #3

    Newark City, NJ 07112
    • $439,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 3705882
    UPDATED: 188 min ago
    $439,000
    • 7
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 2
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1907
    County:
    Area:

    School Ratings & Info

    Description

    Amazing opportunity for an owner or investor to acquire this wonderful income-producing 3 family property in one of the fastest-growing areas of Newark. The second unit is vacant. The property consists of 7 beds and 3 full baths and 2 half baths. Separate Utilities. Conveniently located near schools, shopping, and NY/NJ public transportation. Whether you are a first-time homebuyer interested in living in one unit and collecting passive income or you are a seasoned investor looking to add to your portfolio this property has it all.

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    © 2021 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 eXp Realty. 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 eXp Realty 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 2021-05-14T18:47:57.93.
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    40 Yates Ave , #3 Newark City, NJ 07112

    • Price: $439,000
    • Status: Active
    • Updated: 188 min ago
    • MLS #: 3705882
    7
    Beds
    3
    Baths
    2
    ½ Baths
    N/A
    Acres
    1907
    Built
    County:
    Essex
    Area:
    Newark City
    Property Description
    Amazing opportunity for an owner or investor to acquire this wonderful income-producing 3 family property in one of the fastest-growing areas of Newark. The second unit is vacant. The property consists of 7 beds and 3 full baths and 2 half baths. Separate Utilities. Conveniently located near schools, shopping, and NY/NJ public transportation. Whether you are a first-time homebuyer interested in living in one unit and collecting passive income or you are a seasoned investor looking to add to your portfolio this property has it all.
    Exterior Features

    Approximate Lot Size 3001 SF Exterior Description Vinyl Siding Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

    Interior Features

    Basement Yes Basement Description Unfinished Cooling None Heating 3 Units Total Number Of Rooms 13 Unit1 Appliances Equipment Range/Oven - GasRefrigerator Unit1 Baths 2.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving/Dining Room Unit1 Rooms 5 Unit1 Security Deposit 1600 Unit1 Sq Ft 0 Unit2 Appliances Equipment Range/Oven - GasRefrigerator Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenLiving/Dining Room Unit2 Rooms 3 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsEat-In Kitchen Unit3 Rooms 1 Unit3 Sq Ft 0

    Property Features

    Assessment Total 160100 Building Assessment 142600 Easement Unknown Expenses Include Taxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 31200 Land Assessment 17500 Net Operating Income 25179 Renovated Year 2018 Sewer Public Sewer Tax Amount 6083 Tax Rate Amount 3.800 Tax Rate Year 2020 Tax Year 2020 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1600 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1000 Unit3 Security Deposit 1000 Utilities ElectricGas-Natural Water Public Water Water Heater Gas Year Built Description Renovated

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    © 2021 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 eXp Realty. 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 eXp Realty 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 2021-05-14T18:47:57.93.
     
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    eXp Realty
    28 Valley Rd Suite 1
    Montclair NJ, 07042