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604 N 5Th St

Newark City, NJ 07107
  • $585,900
  • STATUS: Active Under Contract
  • ON SITE: 17 Days
  • MLS #: 3843767
Under Contract
UPDATED: 31 min ago
$585,900
  • 8
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,712
    SQFT
  • $158
    $/SQFT
Type:
Multi-Family
Built:
1926
County:
Area:

School Ratings & Info

Description

This fourplex is situated in the highly sought-after North Ward of Newark, offering convenient access to NYC public transportation, major highways, various places of worship, and schools. It presents an excellent opportunity for a savvy investor or owner-occupant with a vision and creative flair to turn it into a lucrative investment. The four identical units each feature two bedrooms, an eat-in kitchen, a family room, and one bathroom, providing the potential for an owner to live in one unit while renting out the other three. Additionally, the building has parking available in the rear accessible through a shared driveway, which can be designated for each tenant or rented out as an extra income source. The owner covers the heat and hot water expenses for all units. Tenants are all month-to-month.

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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 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 2023-06-02T21:46:57.78.
www.sellwithsikora.com/homes/139576389
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604 N 5Th St Newark City, NJ 07107

  • Price: $585,900
  • Status: Active Under Contract
  • On Site: 17 Days
  • Updated: 31 min ago
  • MLS #: 3843767
8
Beds
4
Baths
0
½ Baths
0.1
Acres
3,712
SQFT
$158
$/SQFT
1926
Built
County:
Essex
Area:
Newark City
Property Description
This fourplex is situated in the highly sought-after North Ward of Newark, offering convenient access to NYC public transportation, major highways, various places of worship, and schools. It presents an excellent opportunity for a savvy investor or owner-occupant with a vision and creative flair to turn it into a lucrative investment. The four identical units each feature two bedrooms, an eat-in kitchen, a family room, and one bathroom, providing the potential for an owner to live in one unit while renting out the other three. Additionally, the building has parking available in the rear accessible through a shared driveway, which can be designated for each tenant or rented out as an extra income source. The owner covers the heat and hot water expenses for all units. Tenants are all month-to-month.
Exterior Features

Approximate Lot Size 45X100 Exterior Description Brick Exterior Features Metal FenceStorm Window(S) Garage Description Detached Garage Number Of Parking Spaces 4 Parking Driveway Description 1 Car WidthDriveway-Shared Roof Description Flat

Interior Features

Basement Yes Basement Description Unfinished Cooling NoneWallunit Heating 1 UnitBaseboard - Hotwater Interior Features Carbon Monoxide DetectorSmoke DetectorVinyl-Linoleum Floors Total Number Of Rooms 16 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 BedroomsEat-In KitchenLiving RoomPantry Unit1 Rooms 4 Unit1 Security Deposit 1000 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenLiving/Dining RoomPantry Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description BedroomsEat-In KitchenLiving RoomPantry Unit3 Rooms 4 Unit3 Sq Ft 0 Unit4 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanMicrowave OvenRange/Oven - GasSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 2 Unit4 Room Description BedroomsEat-In KitchenLiving Room Unit4 Rooms 4 Unit4 Sq Ft 0

Property Features

Assessment Total 271700 Building Assessment 221800 Easement Yes Easement Description Driveway Exclusions Tenant's Personal items Expenses Include HeatHot & Cold WaterInsuranceTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 52800 Land Assessment 49900 Net Operating Income 28514 Services Cable Tv Available Sewer Public Sewer Tax Amount 10150 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 24286 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit1 Rent 1100 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit2 Rent 1100 Unit2 Security Deposit 1000 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit3 Rent 1100 Unit3 Security Deposit 1000 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit4 Rent 1100 Unit4 Security Deposit 1000 Utilities ElectricGas In StreetGas-Natural Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Weichert Rltrs Fle: 201-592-1400.


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 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 2023-06-02T21:46:57.78.
 
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28 Valley Rd Suite 1
Montclair NJ, 07042