Newark, NJ 07107,192 1st ST
Listed by Mathew Meisels • New and Modern Group • (732) 962-2148

$397,000

$398,900

0.5%
Est.Price: ?

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Est. payment /mo

6 Beds

3 Baths


SOLD DATE : 05/06/2024

Key Details

Sold Price $397,000

Property Type Multi-Family

Sub Type 2 Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24001379

Sold Date 05/06/24

Style 2 Family

Bedrooms 6

Full Baths 3

Annual Tax Amount $6,325

Property Description

Welcome to 192 1st, Newark NJ. This 2-family investment property offers not only fantastic income potential but also the allure of a prime location near nature and convenient transportation links strategically positioned in close proximity to the picturesque Branch Brook Park and conveniently situated just off the 280 highway! The 1st unit, is occupied currently generating a rental income of $1010 per month, features a well-maintained 2-bedroom, 1-bathroom layout with the potential to expand into a generous 3-bedroom, 1-bathroom space. The 2nd unit "is vacant" spans two stories and boasts 4-bedrooms, 2-bathrooms presenting an excellent canvas for customization into a potential 5-bedroom, 2-bathroom residence, perfectly suited for a larger household or higher rental returns. Please note, the property is being sold in "As Is" condition, providing the buyer with an ideal opportunity to shape the space according to their vision. The buyer will be responsible for obtaining the CO

Location

State NJ

County Essex

Area Newark

Rooms

Basement Unfinished

Interior

Heating Baseboard, Gas

Fireplaces Type None

Laundry None

Exterior

Exterior Feature Stone, Vinyl

Garage None

Utilities Available Sep Elec, Sep Gas, Sep Heat

Waterfront Description None

View None

Building

Lot Description Regular

Others

Senior Community No

Ownership Private

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