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48 N 7Th St

Newark City, NJ 07107
  • $375,000
  • STATUS: Active
  • ON SITE: 49 Days
  • ID#: 3801516
UPDATED: 72 min ago
$375,000
  • 6
    BEDS
  • 0.05
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
Type:
Multi-Family
Built:
1897
County:
Area:

School Ratings & Info

Description

BOM-Buyer Could Not Perform. Situated at the crossroads of University Heights/Lower Roseville & the Fairmount Section of Newark, this spacious Two Family Brick Rowhouse offers prospective buyers the opportunity to add value and transform this quintessential rowhome into the home of their dreams. The first floor duplex unit features: 2 bedrooms on the first floor, living room, full bathroom, and kitchen with private access to the backyard, the 2nd floor features the primary bedroom and half bath. The second duplex unit features:3 beds and 1.5 baths, living room, and kitchen. The property also includes a full unfinished basement with front and back entrances, and separate utilities. Legal 2 Family Zoned in R-3. Tremendous opportunity to earn significant cash flow, ROI and IRR. Brand New Construction across this street makes this a no brainer. Projected Cap Rate 10.42%. Property being sold AS IS. Cash or 203K loans only. Close to Rutgers University, University Hospital, Riverwalk, Newark Penn Station, Prudential Center, Seton Hall Law School, NJIT, Major Highways, Public Transportation, Shopping, and NYC.

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Garden State MLS logo © 2022 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 2022-09-29T10:47:37.403.
www.rowackrealestateteam.com/homes/132032754
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48 N 7Th St Newark City, NJ 07107

  • Price: $375,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 72 min ago
  • ID#: 3801516
6
Beds
2
Baths
2
½ Baths
0.05
Acres
1897
Built
County:
Essex
Area:
Newark City
Property Description
BOM-Buyer Could Not Perform. Situated at the crossroads of University Heights/Lower Roseville & the Fairmount Section of Newark, this spacious Two Family Brick Rowhouse offers prospective buyers the opportunity to add value and transform this quintessential rowhome into the home of their dreams. The first floor duplex unit features: 2 bedrooms on the first floor, living room, full bathroom, and kitchen with private access to the backyard, the 2nd floor features the primary bedroom and half bath. The second duplex unit features:3 beds and 1.5 baths, living room, and kitchen. The property also includes a full unfinished basement with front and back entrances, and separate utilities. Legal 2 Family Zoned in R-3. Tremendous opportunity to earn significant cash flow, ROI and IRR. Brand New Construction across this street makes this a no brainer. Projected Cap Rate 10.42%. Property being sold AS IS. Cash or 203K loans only. Close to Rutgers University, University Hospital, Riverwalk, Newark Penn Station, Prudential Center, Seton Hall Law School, NJIT, Major Highways, Public Transportation, Shopping, and NYC.
Exterior Features

Approximate Lot Size 19.8X101 Exterior Description Brick Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Unfinished Cooling NoneSeerem Heating See Remarks Total Number Of Rooms 14 Unit1 Appliances Equipment See Remarks Unit1 Baths 2.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 2 Unit1 Room Description BedroomsEat-In KitchenFamily RoomMaster BedroomPantrySee Remarks Unit1 Rooms 7 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchenLiving/Dining RoomSee Remarks Unit2 Rooms 7 Unit2 Sq Ft 0

Property Features

Assessment Total 122700 Building Assessment 102700 Easement Unknown Fha Age Restricted No Fuel Type See Remarks Gross Operating Income 0 Land Assessment 20000 Net Operating Income 0 Sewer Public Sewer Tax Amount 4662 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 0 Unit Style 3-Three StoryFixer Upper 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 All Underground Water Public Water Zoning R-3

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : [IDXCONTACTINFORMATION].


Garden State MLS logo © 2022 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 2022-09-29T10:47:37.403.
 
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eXp Realty LLC
966 Shoppes Blvd
North Brunswick NJ, 08902