121 Smith St, Newark City, NJ 07106 - MLS#3932235

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Reshni Mahtani

[email protected] +1(908) 240-5148

$ 799,000

Est. payment | -/mo

10 Beds

4 Baths

4,300 SqFt

Save

$ 799,000

Est. payment | -/mo

Save

10 Beds

4 Baths

4,300 SqFt

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 4,300 sqft

Price per Sqft $185

Subdivision Vailsburg

MLS Listing ID 3932235

Style Fourplex

Bedrooms 10

Full Baths 4

Year Built 1950

Annual Tax Amount $11,851

Tax Year 2023

Lot Size 4,791 Sqft

Property 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

Location

State NJ

County Essex

Zoning Residential

Rooms

Basement Finished-Partially, Full, Walkout

Interior

Interior Features Carbon Monoxide Detector, Smoke Detector

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Garage On Site

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style Fourplex

Schools

Elementary Schools Vailsburg

Middle Schools Science

High Schools Science

Others

Senior Community No

Listed by BHHS JORDAN BARIS REALTY

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Reshni Mahtani

Sales Consultantant | License ID: 2333338

+1(908) 240-5148