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2 Family

71 Hartford Street

Newark , NJ 07103

MLS#: 25026525

$747,000

Status: Closed
Listing number: 25026525
Listing provided by: RE/MAX Neighborhood Properties
Listing agent phone: None
Last update: 3 months ago
On site: 7 months ago
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Property

Beds

7

Full Baths

4

1/2 Baths

1

Year Built

None

Sq.Footage

N/A

Exceptional Multi-Family Opportunity w/Income Potential! Don’t miss this investment/owner occupant opportunity in a spacious & well maintained multi-family home currently configured as a 2-family residence, w/potential to convert the full 1st floor unit into a 3rd income producing unit (buyer due diligence). Each existing unit features 3 BRS, 2 full baths, including ensuite master baths, spacious kitchens & beautiful wood floors in the LRs, DRs & hallways. Recent upgrades include a new vinyl privacy fence, newly poured concrete patio, & an above-ground pool. All major mechanicals have been updated: HVAC systems & water heaters are less than 2 years old, & the roof is 4 years old. Unit 2 features new carpeting. The shared laundry room includes washer/dryer plus additional hookups for a 2nd set of laundry appliances. Ground flr offers its own private entrance creating a prime opportunity for conversion & additional rental income with minimal adjustments. Unit 1 is connected through a spiral staircase to the ground floor unit which they currently use as a recreation room & is awaiting a conversion. $$$ Unit 2 is currently priced below market value, making this property a compelling investment in both short and long term value. Whether you’re an investor seeking strong rental returns or an owner-occupant looking to offset your mortgage, this property delivers versatility and upside. Ideally located near shops, schools, parks, transportation, museums and the Prudential Center.

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    4

  • 1/2 Bathrooms

    1

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    2 Family

Price

  • Sales Price

    $747,000

  • Tax Amount

    $8,294

  • 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 Cheryl A. Schuck , RE/MAX Neighborhood Properties

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Patrick Bolger

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(973) 945-9979

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Exceptional Multi-Family Opportunity w/Income Potential! Don’t miss this investment/owner occupant opportunity in a spacious & well maintained multi-family home currently configured as a 2-family residence, w/potential to convert the full 1st floor unit into a 3rd income producing unit (buyer due diligence). Each existing unit features 3 BRS, 2 full baths, including ensuite master baths, spacious kitchens & beautiful wood floors in the LRs, DRs & hallways. Recent upgrades include a new vinyl privacy fence, newly poured concrete patio, & an above-ground pool. All major mechanicals have been updated: HVAC systems & water heaters are less than 2 years old, & the roof is 4 years old. Unit 2 features new carpeting. The shared laundry room includes washer/dryer plus additional hookups for a 2nd set of laundry appliances. Ground flr offers its own private entrance creating a prime opportunity for conversion & additional rental income with minimal adjustments. Unit 1 is connected through a spiral staircase to the ground floor unit which they currently use as a recreation room & is awaiting a conversion. $$$ Unit 2 is currently priced below market value, making this property a compelling investment in both short and long term value. Whether you’re an investor seeking strong rental returns or an owner-occupant looking to offset your mortgage, this property delivers versatility and upside. Ideally located near shops, schools, parks, transportation, museums and the Prudential Center.

71 Hartford Street

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