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606 N 5th Street

Newark, NJ 07107
  • $585,900
  • STATUS: Under Contract
  • ON SITE: 15 Days
  • MLS #: 2312127R
Under Contract
UPDATED: 72 min ago
$585,900
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    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, property will not be delivered vacant. SqFt from Tax Records

Monthly Payment Calculator



Central Jersey MLS logo The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2023, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Data last updated: 2023-05-31T19:07:59.18.
www.sellwithsikora.com/homes/139578841
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606 N 5th Street Newark, NJ 07107

  • Price: $585,900
  • Status: Under Contract
  • On Site: 15 Days
  • Updated: 72 min ago
  • MLS #: 2312127R
0
Beds
0
Baths
0
½ Baths
0.1
Acres
3,712
SQFT
$158
$/SQFT
1926
Built
County:
Essex
Area:
Newark
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, property will not be delivered vacant. SqFt from Tax Records
Exterior Features

Carport Spaces 0 Covered Spaces 3 Exterior Features Yard Lot Features Near ShoppingNear TrainEasements/Right Of WayNear Public Transit Parking Features GarageDetached4(+)Car Parking Roof Flat

Interior Features

Appliances Water Heater(Gas)Water HeaterUnit 1(Range/Oven)Unit 2(Range/Oven)Unit 3(Range/Oven)Unit 4(Range/Oven) Basement FullStorage Space Building Area Total 3712 Cooling A/C Window Unit(S) Heating Baseboard Interior Features Unit 1(2 BedroomsKitchen1 BathLiving Room)Unit 2(2 BedroomsKitchen1 BathLiving Room)Unit 3(2 BedroomsKitchen1 BathLiving Room)Unit 4(2 BedroomsKitchen1 BathLiving Room) Stories Total 2 Window Features Screen/Storm WindowScreens/Storms

Property Features

Attached Garage YN No Carport YN No Community Features Sidewalks Garage YN Yes Gas Natural Gas Heating YN Yes Lease Term Unit 1(Month-Month)Unit 2(Month-Month)Unit 4(Month-Month) Owner Pays Unit 1 Owner Pays(See RemarksWater)Unit 2 Owner Pays(See RemarksWater)Unit 3 Owner Pays(See RemarksWater)Unit 4 Owner Pays(See RemarksWater) Ownership Fee Simple Property Sub Type 4 Family Sewer Public Sewer Tax Annual Amount 10145 Tax Year 2022 Utilities Electricity ConnectedNatural Gas ConnectedGas In Street Water Source Public



Central Jersey MLS logo Listing courtesy of Weichert Co Realtors: .
Copyright 2023, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC.. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.




Central Jersey MLS logo The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2023, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Data last updated: 2023-05-31T19:07:59.18.
 
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eXp Realty
28 Valley Rd Suite 1
Montclair NJ, 07042