Address
100 Schley St Newark City, NJ
Price
$ 550,000
Property Attributes
  • ML#3699119
  • TypeMulti-Family
  • CountyESSEX
  • CityNewark City
  • AreaNewark City
  • Zip07112
  • StyleTriplex
  • Year Built1925
  • Taxes8956
  • Price$ 550,000
  • Bedrooms9
  • Full Bathrooms3
  • Half Bathrooms0
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
HEARTH REALTY GROUP
Data Source:
Garden State MLS
Property Description

This large cash flowing three unit homes now available for purchase. The property boasts three large three bedroom on bath apartments, it is recently renovated from top to bottom updates include new windows, flooring, electrical, plumbing etc. The current rent roll is $4,550 per month or $54,600 per year, plus an additional $400 in income from the rental of parking spaces behind the home. The low expenses (Water $80 per month Electric $55 per month & insurance $200 per month) separate utilities and a cap rate of 9% make this investment perfect for an absentee owner in search of cashflow without renovation.

Price History
3/19/2021 Listed $550,000

General Features

Architectural Style Triplex
Cooling None
Drive 1 Car Width
Heating 3 Units, Baseboard - Hotwater
Open Parking Spaces 4
Roof Asphalt Shingle, Flat
Sewer Public Sewer
Tax Annual Amount 8956
Total Units 3
Town # 1614
Township Newark City
Utilities Gas-Natural

Interior Features

Basement Full, Partial
Fuel Type Gas-Natural
Unit 1 Appl/equip Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 1 Handicap Modified No
Unit 1 Levels 1
Unit 1 Room Description Bedrooms, Kitchen, Living Room
Unit 1 Rooms 6
Unit 2 Appl/equip Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Unit 2 Handicap Modified No
Unit 2 Levels 1
Unit 2 Room Description Bedrooms, Kitchen, Living Room
Unit 2 Rooms 6
Unit 3 Appl/equip Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Unit 3 Handicap Modified No
Unit 3 Levels 1
Unit 3 Room Description Bedrooms, Kitchen, Living Room
Unit 3 Rooms 6
Unittype1totalrent 1600
Unittype2totalrent 1500
Unittype3totalrent 1450

Exterior Features

Exterior Description Vinyl Siding
Lot Dimensions 34X100
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 07112

Price
AVG $460K
$550K
Taxes
AVG $7,310
$8,956
Visits
AVG 92
14
Year Built
AVG 1946
1925
Walkscore
AVG 76
56
Data Provided by Walkscore ® not using MLS data

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