121 Smith St

Newark City, NJ 07106


 

Price: $799,000

GSMLS:  3932235
Type: Multi-Family
Style: Fourplex
Total Units: 4
Beds: 10
Baths: 4 Full
Garage: No
Year Built: 1950
Acres: 0.11
Property Tax: $11,851
Description
Prime Investment Opportunity This Income-producing Fourplex Is Ready For Immediate Occupancy, Ideal For The Savvy Investor And Buyers Looking To Offset Expenses With Rental Income. Located Minutes From Seton Hall University, This Property Offers Convenience And Rental Appeal. Each Spacious Unit Features An Oversized Kitchen, 2 Or 3 Bedrooms, A Dedicated Dining Area, And Ample Closets, Ensuring Comfort And Functionality For Tenants. The Shared Spaces Are Well-designed, With A Private Fenced Backyard That Includes A Generous Deck Perfect For Outdoor Gatherings. Additionally, A Private Driveway Offering Ample Off-street Parking For Tenants And Visitors. Separate Utilities In The Partially Finished Basement, Accessible Through A Private Above-ground Entrance, Opens Possibilities For Additional Creative Uses. The Basement Adds Valuable Square Footage And Functionality To The Property Without Compromising Tenant Privacy. This Fourplex Is Ideally Situated Close To South Orange's Charming Downtown Area, Known For Its Array Of Dining, Shopping, And Entertainment Options. Public Transportation Is Easily Accessible, With Bus Lines And The South Orange Train Station Nearby, Offering Convenient Commutes To New York City And Other Neighboring Towns. Quick Access To Major Highways Adds To The Appeal, Attracting Tenants Who Value Both Suburban Charm And Urban Accessibility. Don't Miss Out On This Outstanding Investment Opportunity With Strong Income Potential In A Sought-after Location
General Info
Style:
Fourplex
SqFt Building:
n/a
Total Rooms:
20
Basement:
Yes - Finished-Partially, Full, Walkout
Interior:
Carbon Monoxide Detector, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
50X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
On Site
Parking:
1 Car Width
Spaces Available:
4
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
4+ Units, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available
School Information
Elementary:
VAILSBURG
Middle:
SCIENCE
High School:
SCIENCE
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
Vailsburg
Financial Considerations
List Price:
$799,000
Tax Amount:
$11,851
Land Assessment:
$19,400
Build. Assessment:
$298,500
Total Assessment:
$317,900
Tax Rate:
3.73
Tax Year:
2023
Listing Information
MLS ID:
3932235
List Date:
10-31-2024
Days On Market:
6
Listing Broker:
BHHS JORDAN BARIS REALTY
Listing Agent:
Blossom Vernon
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHomeHunter.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008
Fax: (973) 598-1908


Shawn and Diane Fox