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269 Sherman Ave

Newark City, NJ 07114
  • $429,000
  • STATUS: Active
  • ON SITE: 79 Days
  • MLS #: 3733222
UPDATED: 34 min ago
$429,000
  • 11
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Investment opportunity that does not come available very often! Large units with additional storage space for each, laundry unit in the building, & all separate utilities. Make an offer today! This is ready for you to take over and hold it as an excellent rental investment or live in one unit and have the other units bring in positive cash flow. There are 3 apartments and 1 office space. The 1st floor has 3 bedrooms, living room, eat in kitchen, and 1 bathroom. The 2nd and 3rd floors have 4 bedrooms, living room, eat in kitchen, and 1 bathroom. Office space in the front of the building has 1 large office space and a half bath. This property has been well maintained and the apartments are fully occupied. Update the kitchens and baths to fully take advantage of the property and maximize its potential!

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© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Caitlyn Mulligan with RE/MAX Revolution are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-10-28T09:46:25.623.
www.mulligansellsmore.com/homes/120231409
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269 Sherman Ave Newark City, NJ 07114

  • Price: $429,000
  • Status: Active
  • Updated: 34 min ago
  • MLS #: 3733222
11
Beds
3
Baths
1
½ Baths
0.06
Acres
1900
Built
County:
Essex
Area:
Newark City
Property Description
Investment opportunity that does not come available very often! Large units with additional storage space for each, laundry unit in the building, & all separate utilities. Make an offer today! This is ready for you to take over and hold it as an excellent rental investment or live in one unit and have the other units bring in positive cash flow. There are 3 apartments and 1 office space. The 1st floor has 3 bedrooms, living room, eat in kitchen, and 1 bathroom. The 2nd and 3rd floors have 4 bedrooms, living room, eat in kitchen, and 1 bathroom. Office space in the front of the building has 1 large office space and a half bath. This property has been well maintained and the apartments are fully occupied. Update the kitchens and baths to fully take advantage of the property and maximize its potential!
Exterior Features

Approximate Lot Size 25X100 Exterior Description See Remarks Exterior Features Metal Fence Garage Description None Number Of Parking Spaces 0 Parking Driveway Description NoneOn-Street Parking Roof Description FlatSee Remarks

Interior Features

Basement Yes Basement Description FullUnfinished Cooling None Heating 4+ Units Interior Features Carbon Monoxide DetectorSkylightSmoke Detector Total Number Of Rooms 18 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving RoomPantryStorage Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 9999 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 4 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenLiving RoomPantryStorage Unit2 Rooms 6 Unit2 Sq Ft 9999 Unit3 Baths 1.0 Unit3 Bedrooms 4 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsEat-In KitchenLiving RoomPantryStorage Unit3 Rooms 6 Unit3 Sq Ft 9999 Unit4 Appliances Equipment Carbon Monoxide DetectorSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description See RemarksStorage Unit4 Rooms 1 Unit4 Sq Ft 9999

Property Features

Assessment Total 139300 Building Assessment 110800 Easement No Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 38880 Home Warranty No Land Assessment 28500 Net Operating Income 0 Sewer Public Sewer Tax Amount 5293 Tax Rate Amount 3.800 Tax Rate Year 2020 Tax Year 2020 Total Operating Expense 0 Unit Style 3-Three StoryTriplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 860 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1080 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1300 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 0 Unit4 Security Deposit 0 Utilities Gas-Natural Water Public Water Water Heater Gas Year Built Description Unknown

Listing information © 2021 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Bhgre Elite.


© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Caitlyn Mulligan with RE/MAX Revolution are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-10-28T09:46:25.623.
 
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Caitlyn Mulligan with RE/MAX Revolution
2101 route 34, Suite B
Wall NJ, 07719