Making First-Time Buying Simple

3 Family

870-872 S 20th Street

Newark , NJ 07108

MLS#: 23007881

$485,000

Status: Closed
Listing number: 23007881
Listing provided by: RE/MAX First Realty II
Listing agent phone: None
Last update: 8 months ago
On site: N/A
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Property

Beds

7

Full Baths

3

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

Whether you're an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey's hottest markets, you don't want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 beds, 1 bath. Unit 2 is 3 beds, 1 bath, Unit 3 is 1 bed, 1 bath. Ideal for a first time buyer-investor looking for rental income to offset the mortgage costs. Apartment 2 currently leases at $1,600 per month. Recent upgrades include a new boiler and three hot water tanks. This incredible property is centrally located close to rt 78, 22, 21, GSP & NJTPK, schools, shopping centers, houses of worship, Newark Liberty international airport, universities, Newark Penn station trains & buses, Prudential Center, Downtown Newark business district

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    3

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    3 Family

Price

  • Sales Price

    $485,000

  • Tax Amount

    7841.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Listing Courtesy of Darrell Bailey , RE/MAX First Realty II

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(973) 945-9979

patrickbolger@kw.com


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Whether you're an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey's hottest markets, you don't want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 beds, 1 bath. Unit 2 is 3 beds, 1 bath, Unit 3 is 1 bed, 1 bath. Ideal for a first time buyer-investor looking for rental income to offset the mortgage costs. Apartment 2 currently leases at $1,600 per month. Recent upgrades include a new boiler and three hot water tanks. This incredible property is centrally located close to rt 78, 22, 21, GSP & NJTPK, schools, shopping centers, houses of worship, Newark Liberty international airport, universities, Newark Penn station trains & buses, Prudential Center, Downtown Newark business district

870-872 S 20th Street

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