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473 Avon Ave

Newark City, NJ 07108
  • $849,000
  • STATUS: Active Under Contract
  • ON SITE: 71 Days
  • ID#: 3890162
Under Contract
$849,000
  • 9
    BEDS
  • 0.06
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2018
County:
Area:

School Ratings & Info

Description

Welcome to this wonderful opportunity to own a well-maintained three-family home in the heart of Newark, NJ. This property offers a unique selling point - it comes with an assumable mortgage held by the current owner, making ownership transition smooth and hassle-free. The current mortgage is an FHA loan at 4.75% interest. That's right, if you qualified, you will not need to worry about today's market rates, saving you $350k+ over the length of your mortgage. Of course if you do not qualify or simply are not interested in this kind of deal, this positive-cash-flow property CAN BE YOURS through any loan you wish to use. About the house:This is a fully occupied 3-family home. Each unit has 3 bedrooms and 2 bathrooms, kitchen, living room, and master bedroom. There are 3 garages attached to the house you can use for extra income. The house has security cameras all throughout the perimeters, sprinkler system, separate utilities, owner only pays for water.

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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 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 2024-05-22T06:47:21.81.
www.rowackrealestateteam.com/homes/148471112
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473 Avon Ave Newark City, NJ 07108

  • Price: $849,000
  • Status: Active Under Contract
  • On Site: 71 Days
  • ID#: 3890162
9
Beds
6
Baths
0
½ Baths
0.06
Acres
2018
Built
County:
Essex
Area:
Newark City
Property Description
Welcome to this wonderful opportunity to own a well-maintained three-family home in the heart of Newark, NJ. This property offers a unique selling point - it comes with an assumable mortgage held by the current owner, making ownership transition smooth and hassle-free. The current mortgage is an FHA loan at 4.75% interest. That's right, if you qualified, you will not need to worry about today's market rates, saving you $350k+ over the length of your mortgage. Of course if you do not qualify or simply are not interested in this kind of deal, this positive-cash-flow property CAN BE YOURS through any loan you wish to use. About the house:This is a fully occupied 3-family home. Each unit has 3 bedrooms and 2 bathrooms, kitchen, living room, and master bedroom. There are 3 garages attached to the house you can use for extra income. The house has security cameras all throughout the perimeters, sprinkler system, separate utilities, owner only pays for water.
Exterior Features

Approximate Lot Size 25X101.9 Exterior Description Vinyl Siding Number Of Parking Spaces 3 Parking Driveway Description Off-Street Parking Roof Description See Remarks

Interior Features

Basement Yes Basement Description Full Cooling None Heating Forced Hot Air Total Number Of Rooms 21 Unit1 Appliances Equipment Carbon Monoxide DetectorFire Alarm SystemMicrowave OvenRefrigeratorSecurity SystemSmoke Detector Unit1 Baths 2.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenKitchenMaster Bedroom Unit1 Rooms 9 Unit1 Security Deposit 2850 Unit1 Sq Ft 1000 Unit2 Appliances Equipment Carbon Monoxide DetectorFire Alarm SystemMicrowave OvenRefrigeratorSecurity SystemSmoke Detector Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomEat-In KitchenKitchenMaster Bedroom Unit2 Rooms 9 Unit2 Sq Ft 1000 Unit3 Baths 2.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsDining RoomEat-In KitchenKitchenMaster Bedroom Unit3 Rooms 9 Unit3 Sq Ft 1000

Property Features

Assessment Total 111800 Building Assessment 69300 Easement No Exclusions N/A Fha Age Restricted No Fuel Type ElectricGas-Natural Gross Operating Income 73000 Land Assessment 42500 Net Operating Income 58000 Sewer Public Sewer Tax Amount 4176 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 15000 Unit Style 3-Three Story Unit1 Lease Expiration 2024-05-31 Unit1 Owner Tenant Pays Owner Pays Water Unit1 Rent 1900 Unit2 Handicap Modified No Unit2 Lease Expiration 2024-05-31 Unit2 Owner Tenant Pays Owner Pays Water Unit2 Rent 1900 Unit2 Security Deposit 2850 Unit3 Handicap Modified No Unit3 Lease Expiration 2024-05-31 Unit3 Owner Tenant Pays Owner Pays Water Unit3 Rent 1900 Unit3 Security Deposit 2850

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Franko Realty Llc: 888-869-6707.


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 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 2024-05-22T06:47:21.81.
 
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eXp Realty LLC
28 Valley Rd Suite #1
Montclair NJ, 07042