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222 Weequahic Ave

Newark City, NJ 07112
  • $550,000
  • STATUS: Active Under Contract
  • ON SITE: 63 Days
  • MLS #: 3942221
UPDATED: 51 min ago
$550,000
  • 5
    BEDS
  • 0.09
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1927
County:
Area:

School Ratings & Info

Description

Charming 3-Unit Multi Family Home with Great Income Potential! This well maintained 3-unit multi-family property is perfect for investors or owner occupants seeking additional rental income. Located in near transportation and major highways, the property features two 2-bedroom 1 bath units and a cozy but generously spacious 1 bedroom 1 bathroom unit. Two of the units are currently occupied and have been thoughtfully updated with renovated bathrooms and new flooring throughout. The second-floor unit offers excellent potential, with some TLC required to make it shine. The exciting bonus is that the second unit is vacant, providing opportunity for immediate renovations or occupancy. The first-floor ujnit boasts a bonus space, ideal for a home office or den, adding even mor versatility to the layout. Whether you're looking to live in one unit and rent out the others or add a great investment property to your portfolio. this multi-family home offers excellent value. *******Highest and Best Due Wednesday 1/29/25 at 6pm*******

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Garden State MLS logo © 2025 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 2025-03-25T07:46:09.997.
www.pickpina.com/homes/159597591
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222 Weequahic Ave Newark City, NJ 07112

  • Price: $550,000
  • Status: Active Under Contract
  • On Site: 63 Days
  • Updated: 51 min ago
  • MLS #: 3942221
5
Beds
3
Baths
0
½ Baths
0.09
Acres
1927
Built
County:
Essex
Area:
Newark City
Property Description
Charming 3-Unit Multi Family Home with Great Income Potential! This well maintained 3-unit multi-family property is perfect for investors or owner occupants seeking additional rental income. Located in near transportation and major highways, the property features two 2-bedroom 1 bath units and a cozy but generously spacious 1 bedroom 1 bathroom unit. Two of the units are currently occupied and have been thoughtfully updated with renovated bathrooms and new flooring throughout. The second-floor unit offers excellent potential, with some TLC required to make it shine. The exciting bonus is that the second unit is vacant, providing opportunity for immediate renovations or occupancy. The first-floor ujnit boasts a bonus space, ideal for a home office or den, adding even mor versatility to the layout. Whether you're looking to live in one unit and rent out the others or add a great investment property to your portfolio. this multi-family home offers excellent value. *******Highest and Best Due Wednesday 1/29/25 at 6pm*******
Exterior Features

Approximate Lot Size 40X100.1 Exterior Description Aluminum Siding Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement No Cooling Ceiling Fan Heating 2 UnitsRadiators - Hot Water Total Number Of Rooms 11 Unit1 Appliances Equipment CarbMDetCeilFanCookGas Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDenDining RoomEat-In KitchenLiving RoomPantry Unit1 Rooms 5 Unit1 Security Deposit 3000 Unit1 Sq Ft 1100 Unit2 Appliances Equipment CarbMDetCeilFanCookGas Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 1 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenKitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 1000 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsDining RoomKitchenLiving Room Unit3 Rooms 4 Unit3 Sq Ft 700

Property Features

Assessment Total 159500 Building Assessment 139500 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 999 Land Assessment 20000 Net Operating Income 999 Sewer Public Sewer Tax Amount 6065 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 999 Unit Style 1-One Story Unit1 Lease Expiration 2025-07-31 Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2000 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays HeatOwner Pays WaterTenant Pays ElectricTenant Pays Gas Unit3 Rent 1300 Unit3 Security Deposit 1950 Utilities Gas-Natural Water Public Water Year Built Description Approximate

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of United Real Estate: 888-501-6953.


Garden State MLS logo © 2025 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 2025-03-25T07:46:09.997.
 
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