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101 Schley St

Newark City, NJ 07112
  • $314,900
  • STATUS: Active Under Contract
  • ON SITE: 24 Days
  • ID#: 3954259
Under Contract
UPDATED: 59 min ago
$314,900
  • 3
    BEDS
  • 0.06
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1925
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Attention Investors! Discover the potential of this two-family handyman special, complete with a detached garage and an unfinished basement. While the property requires substantial repairs, it represents a fantastic store of value with excellent resale and rental potential. Each of the two apartments, featuring 4 and 5 rooms respectively, is just waiting for your rejuvenation touch. This prime location is only 4.5 miles from the Newark train station, offering a direct route to NYC, 4.5 miles to Newark International Airport, and just 15 miles to New York City. Don't miss out on this incredible opportunity to bring your cash or renovation financing buyers and transform this diamond in the rough into a shining gem!

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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 eXp Realty LLC. 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 eXp Realty LLC 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 2025-04-26T16:46:45.323.
www.rowackrealestateteam.com/homes/162120164
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101 Schley St Newark City, NJ 07112

  • Price: $314,900
  • Status: Active Under Contract
  • On Site: 24 Days
  • Updated: 59 min ago
  • ID#: 3954259
3
Beds
2
Baths
0
½ Baths
0.06
Acres
1925
Built
County:
Essex
Area:
Newark City
Elementary School:
Hawthorne
Middle School:
Hawthorne
High School:
Weequahic
Property Description
Attention Investors! Discover the potential of this two-family handyman special, complete with a detached garage and an unfinished basement. While the property requires substantial repairs, it represents a fantastic store of value with excellent resale and rental potential. Each of the two apartments, featuring 4 and 5 rooms respectively, is just waiting for your rejuvenation touch. This prime location is only 4.5 miles from the Newark train station, offering a direct route to NYC, 4.5 miles to Newark International Airport, and just 15 miles to New York City. Don't miss out on this incredible opportunity to bring your cash or renovation financing buyers and transform this diamond in the rough into a shining gem!
Exterior Features

Approximate Lot Size 28X100 Exterior Description Vinyl Siding Garage Description Detached Garage Number Of Parking Spaces 1 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Full Cooling None Heating Radiators - Hot Water Total Number Of Rooms 9 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 0

Property Features

Assessment Total 118600 Building Assessment 92000 Easement Unknown Fha Age Restricted No Fuel Type See Remarks Gross Operating Income 1 Land Assessment 26600 Net Operating Income 1 Sewer Public Sewer Tax Amount 4510 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 1 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays Water Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays Water Unit2 Rent 0 Unit2 Security Deposit 0 Utilities ElectricGas-Natural Water Public Water Year Built Description Approximate

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of AMERICAN REALTY SERVICES GROUP: 973-258-0888.


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 eXp Realty LLC. 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 eXp Realty LLC 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 2025-04-26T16:46:45.323.
 
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eXp Realty LLC
28 Valley Rd Suite #1
Montclair NJ, 07042