176 Parker St Active

Newark City,NJ 07104

$ 548900

5 Beds

4 Baths

0 SqFt


Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3951697

Style 3-Three Story

Bedrooms 5

Full Baths 4

Annual Tax Amount $4,316

Tax Year 2024

Lot Size 2,613 Sqft

Property Description

Welcome to 176 Parker St, a charming and well-maintained 2-family home in the highly sought-after North Newark neighborhood, just steps from scenic Branch Brook Park with its sports fields, trails, and tranquil green spaces.Fully renovated in 2020, this property features two spacious units, perfect for owner-occupants or investors. The larger 2nd unit is vacant and move-in ready, offering 3 bedrooms and 2 bathrooms, including a master suite with an ensuite bath. The modern kitchen boasts stainless steel appliances, including a stove, dishwasher, microwave, and refrigerator.The 1st unit includes 2 bedrooms and 2 full bathrooms, with a master suite featuring its own ensuite bath. This unit is tenant-occupied on a month-to-month lease at $1,725, providing reliable rental income. Both units offer central air conditioning and forced heat for year-round comfort.Additional highlights include a generous backyard for outdoor enjoyment and easy access to schools, shopping, and public transportation.Financing Perks: This home qualifies for the Community Loan Program, featuring a super-low interest rate of 5.75% or 5.875% with just 5% down (CONV, NO PMI) and a 1% lender credit towards closing costs. Plus, you may be eligible for up to $30K in down payment assistance!Don't miss this rare opportunity in North Newark!

Location

State NJ

County Essex

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling Central Air

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum Siding

Parking Features On-Street Parking

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

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