$595,000
Est. payment /mo
6 Beds
4 Baths
2,500 SqFt
New
7 White Ter Newark City, NJ 07108
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $238
MLS Listing ID 3994422
Style Under/Over
Bedrooms 6
Full Baths 4
Year Built 1907
Annual Tax Amount $6,457
Tax Year 2024
Lot Size 3,484 Sqft
Property Description
Investor Alert! Don't miss this incredible opportunity to own a spacious 2-family detached home in the heart of Essex County, situated on a quiet dead-end street.The first-floor unit features 1 bedroom, 2 full bathrooms, and a finished basement perfect for additional living or storage space. This unit will be vacant at closing, ready for an owner-occupant or new tenant.The second-floor unit offers 5 bedrooms, 2 full bathrooms, and ample storage space, currently occupied by a paying tenant providing immediate income.Recent updates include new windows and a newer heating system. The property also boasts hardwood floors, private backyard with a stone patio, and enclosed front porches on both levels, all enclosed by an iron fence for added privacy.This home is being sold as-is, and the buyer is responsible for all municipal inspections, certifications, and the certificate of occupancy.With strong rental potential (estimated fair market rents of approximately $1,768 for the 1-bedroom unit and $3,065 for the 4"5-bedroom unit), this property is an excellent addition to any investor's portfolio. There's even potential to convert to a 3-family with city approval.Endless potential " live in one unit, rent the other, or expand your investment portfolio!
Location
State NJ
County Essex
Rooms
Basement Finished
Interior
Heating None
Cooling None
Heat Source None
Exterior
Exterior Feature Aluminum Siding, Brick
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style Under/Over
Others
Senior Community No
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Listed by HOMESTARR REALTY
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