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121 Smith St , #4

Newark City, NJ 07106
  • $799,000
  • STATUS: Active Under Contract
  • ON SITE: 34 Days
  • MLS #: 3932235
UPDATED: 40 min ago
$799,000
  • 10
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Prime Investment Opportunity This income-producing fourplex is ready for immediate occupancy, ideal for the savvy investor and buyers looking to offset expenses with rental income. Located minutes from Seton Hall University, this property offers convenience and rental appeal. Each spacious unit features an oversized kitchen, 2 or 3 bedrooms, a dedicated dining area, and ample closets, ensuring comfort and functionality for tenants. The shared spaces are well-designed, with a private fenced backyard that includes a generous deck perfect for outdoor gatherings. Additionally, a private driveway offering ample off-street parking for tenants and visitors. Separate utilities in the partially finished basement, accessible through a private above-ground entrance, opens possibilities for additional creative uses. The basement adds valuable square footage and functionality to the property without compromising tenant privacy. This fourplex is ideally situated close to South Orange's charming downtown area, known for its array of dining, shopping, and entertainment options. Public transportation is easily accessible, with bus lines and the South Orange Train Station nearby, offering convenient commutes to New York City and other neighboring towns. Quick access to major highways adds to the appeal, attracting tenants who value both suburban charm and urban accessibility. Don't miss out on this outstanding investment opportunity with strong income potential in a sought-after location

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Garden State MLS logo © 2024 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 Pina Nazario, Coldwell Banker Residential Brokerage. 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 Pina Nazario, Coldwell Banker Residential Brokerage 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 2024-12-05T22:46:31.963.
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121 Smith St , #4 Newark City, NJ 07106

  • Price: $799,000
  • Status: Active Under Contract
  • On Site: 34 Days
  • Updated: 40 min ago
  • MLS #: 3932235
10
Beds
4
Baths
0
½ Baths
0.11
Acres
1950
Built
Neighborhood:
Vailsburg
County:
Essex
Area:
Newark City
Elementary School:
Vailsburg
Middle School:
Science
High School:
Science
Property Description
Prime Investment Opportunity This income-producing fourplex is ready for immediate occupancy, ideal for the savvy investor and buyers looking to offset expenses with rental income. Located minutes from Seton Hall University, this property offers convenience and rental appeal. Each spacious unit features an oversized kitchen, 2 or 3 bedrooms, a dedicated dining area, and ample closets, ensuring comfort and functionality for tenants. The shared spaces are well-designed, with a private fenced backyard that includes a generous deck perfect for outdoor gatherings. Additionally, a private driveway offering ample off-street parking for tenants and visitors. Separate utilities in the partially finished basement, accessible through a private above-ground entrance, opens possibilities for additional creative uses. The basement adds valuable square footage and functionality to the property without compromising tenant privacy. This fourplex is ideally situated close to South Orange's charming downtown area, known for its array of dining, shopping, and entertainment options. Public transportation is easily accessible, with bus lines and the South Orange Train Station nearby, offering convenient commutes to New York City and other neighboring towns. Quick access to major highways adds to the appeal, attracting tenants who value both suburban charm and urban accessibility. Don't miss out on this outstanding investment opportunity with strong income potential in a sought-after location
Exterior Features

Approximate Lot Size 50X100 Color Of Building Grey Exterior Description Vinyl Siding Exterior Features DeckStorm Door(s)Storm Window(s) Garage Description On Site Lot Description Level Lot Number Of Parking Spaces 4 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished-PartiallyFullWalkout Cooling Window A/C(s) Heating 4+ UnitsRadiators - Steam Interior Features Carbon Monoxide DetectorSmoke Detector Total Number Of Rooms 20 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSee RemarksSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving Room Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 1100 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSee RemarksSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 1200 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsEat-In KitchenLiving Room Unit3 Rooms 5 Unit3 Sq Ft 1000 Unit4 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSee RemarksSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsEat-In KitchenLiving Room Unit4 Rooms 5 Unit4 Sq Ft 1000

Property Features

Assessment Total 317900 Building Assessment 298500 Building Number 1 Easement No Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Home Warranty No Land Assessment 19400 Net Operating Income 0 Renovated Year 2023 Services Cable TV Available Sewer Public Sewer Tax Amount 11851 Tax Rate Amount 3.728 Tax Rate Year 2024 Tax Year 2023 Total Operating Expense 0 Unit Style Fourplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1800 Unit2 Handicap Modified No Unit2 Lease Expiration 2025-09-30 Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 2000 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Lease Expiration 2025-09-30 Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1042 Unit3 Security Deposit 1225 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 1042 Unit4 Security Deposit 1350 Utilities ElectricGas-Natural Water Public Water Water Heater Gas Year Built Description Approximate Zoning Residential

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of BHHS JORDAN BARIS REALTY: 973-736-1600.


Garden State MLS logo © 2024 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 Pina Nazario, Coldwell Banker Residential Brokerage. 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 Pina Nazario, Coldwell Banker Residential Brokerage 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 2024-12-05T22:46:31.963.
 
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