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701 N 7th St

Newark City, NJ 07107
  • $675,000
  • STATUS: Active Under Contract
  • ON SITE: 62 Days
  • MLS #: 3927906
UPDATED: 18 min ago
$675,000
  • 8
    BEDS
  • 0.06
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2007
County:
Area:

School Ratings & Info

Description

Welcome to this spacious income producing legal two-family property nestled in one of Newark's most sought-after neighborhoods. This delightful home borders Bloomfield Township and Branch Brook Park; offering the perfect blend of comfort, convenience, and investment potential. Boasting 2 separate units plus a bonus unit, this multi-family has 8 bedrooms, 5 bathrooms, 1 car garage and an intimate backyard; perfect for entertaining. Whether you're looking to occupy one unit and rent the other or seeking a solid investment property, this two-family home offers great rental potential. Benefit from the growing Newark real estate market and the demand for quality housing in this area.

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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 2024-12-07T15:46:11.783.
www.pickpina.com/homes/156378015
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701 N 7th St Newark City, NJ 07107

  • Price: $675,000
  • Status: Active Under Contract
  • On Site: 62 Days
  • Updated: 18 min ago
  • MLS #: 3927906
8
Beds
5
Baths
0
½ Baths
0.06
Acres
2007
Built
County:
Essex
Area:
Newark City
Property Description
Welcome to this spacious income producing legal two-family property nestled in one of Newark's most sought-after neighborhoods. This delightful home borders Bloomfield Township and Branch Brook Park; offering the perfect blend of comfort, convenience, and investment potential. Boasting 2 separate units plus a bonus unit, this multi-family has 8 bedrooms, 5 bathrooms, 1 car garage and an intimate backyard; perfect for entertaining. Whether you're looking to occupy one unit and rent the other or seeking a solid investment property, this two-family home offers great rental potential. Benefit from the growing Newark real estate market and the demand for quality housing in this area.
Exterior Features

Approximate Lot Size 2500 SF Exterior Description Vinyl Siding Number Of Parking Spaces 2 Parking Driveway Description 2 Car Width Roof Description Asphalt Shingle

Interior Features

Basement No Cooling 2 Units Heating 2 Units Total Number Of Rooms 14 Unit1 Appliances Equipment CarbMDetCookGasRefrigSmokeDet Unit1 Baths 3.0 Unit1 Bedrooms 5 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 2 Unit1 Room Description BedroomsDining RoomKitchenLaundry RoomLiving RoomPorch Unit1 Rooms 9 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment CarbMDetCookGasRefrigSmokeDet Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsDining RoomKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 0

Property Features

Assessment Total 257100 Building Assessment 209600 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 47500 Net Operating Income 0 Sewer Public Sewer Tax Amount 9584 Tax Rate Amount 3.728 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 0 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Utilities Gas-Natural Water Public Water Year Built Description Standing

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Jeanius Realty: 908-349-8770.


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 2024-12-07T15:46:11.783.
 
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