Multi-Family, Commercial $ 595,000

7 White Ter

Newark City, NJ 07108

  • 6 Beds
  • 4 Baths
    Full Baths: 4
  • 2,500 SqFt
  • 3,484 Lot Size
  • 1907 Year Built
Investor Alert! Don't miss this incredible opportunity to own a spacious 2-family detached home in the heart of Essex County, situated on a quiet dead-end street.The first-floor unit features 1 bedroom, 2 full bathrooms, and a finished basement perfect for additional living or storage space. This unit will be vacant at closing, ready for an owner-occupant or new tenant.The second-floor unit offers 5 bedrooms, 2 full bathrooms, and ample storage space, currently occupied by a paying tenant providing immediate income.Recent updates include new windows and a newer heating system. The property also boasts hardwood floors, private backyard with a stone patio, and enclosed front porches on both levels, all enclosed by an iron fence for added privacy.This home is being sold as-is, and the buyer is responsible for all municipal inspections, certifications, and the certificate of occupancy.With strong rental potential (estimated fair market rents of approximately $1,768 for the 1-bedroom unit and $3,065 for the 4"5-bedroom unit), this property is an excellent addition to any investor's portfolio. There's even potential to convert to a 3-family with city approval.Endless potential " live in one unit, rent the other, or expand your investment portfolio!
Listed by HOMESTARR REALTY

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family, Commercial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 500 sqft

    Price per Sqft $238

    MLS Listing ID 3994422

    Style Under/Over

    Bedrooms 6

    Full Baths 4

    Year Built 1907

    Annual Tax Amount $6,457

    Tax Year 2024

    Lot Size 3,484 Sqft

  • Location

    State NJ

    County Essex

  • Rooms

    Basement Finished

  • Building

    Sewer Public Sewer

    Water Public Water

    Architectural Style Under/Over

  • Interior

    Heating None

    Cooling None

    Heat Source None

  • Exterior

    Exterior Feature Aluminum Siding, Brick

    Utilities Available Gas-Natural

    Roof Type Asphalt Shingle

  • Others

    Senior Community No

SIMILAR HOMES FOR SALE

Check for similar Multi-Family, Commercials at price around $595,000 in Newark City,NJ

CONTACT

Monique Moore
Monique Moore

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message