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274 Hunterdon St

Newark City, NJ 07103
  • $630,000
  • STATUS: Active Under Contract
  • ON SITE: 34 Days
  • MLS #: 3830153
Under Contract
UPDATED: 4 min ago
$630,000
  • 7
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Huge Rental Potential Welcome to 274 Hunterdon St. This Legal 3-family building was fully renovated in 2018. All units need some updating but are in good condition. This building is sold in AS-IS condition. 1st Unit: 3 beds 1 bath, Living Room, plus access to the back deck and back yard. This unit is occupied $1100/mo with cash-paying tenant. 2nd Unit: 2 beds 1 bath, Living Room - Squatter in this unit. 3rd unit: 2 beds 1 bath, Living Room - tenant was removed from section 8 and is not paying and needs ejectment. Keep the first-floor tenant while you stabilize the 2nd and 3rd-floor tenants. Turn this into the ultimate cash flow building. Right next to Rutgers University, University Hospital, Wholefoods, Bus stops & Newark Penn Station and so much more.

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Garden State MLS logo © 2023 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 The Michele Klug Team | Keller Williams Towne Square Realty. 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 The Michele Klug Team | Keller Williams Towne Square Realty 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 2023-03-30T22:46:44.167.
www.micheleklug.com/homes/137209934
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274 Hunterdon St Newark City, NJ 07103

  • Price: $630,000
  • Status: Active Under Contract
  • On Site: 34 Days
  • Updated: 4 min ago
  • MLS #: 3830153
7
Beds
3
Baths
0
½ Baths
0.06
Acres
1900
Built
County:
Essex
Area:
Newark City
Property Description
Huge Rental Potential Welcome to 274 Hunterdon St. This Legal 3-family building was fully renovated in 2018. All units need some updating but are in good condition. This building is sold in AS-IS condition. 1st Unit: 3 beds 1 bath, Living Room, plus access to the back deck and back yard. This unit is occupied $1100/mo with cash-paying tenant. 2nd Unit: 2 beds 1 bath, Living Room - Squatter in this unit. 3rd unit: 2 beds 1 bath, Living Room - tenant was removed from section 8 and is not paying and needs ejectment. Keep the first-floor tenant while you stabilize the 2nd and 3rd-floor tenants. Turn this into the ultimate cash flow building. Right next to Rutgers University, University Hospital, Wholefoods, Bus stops & Newark Penn Station and so much more.
Exterior Features

Approximate Lot Size 24.10X100 Color Of Building Baby Blue Exterior Description Vinyl Siding Exterior Features Deck Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Bilco-Style DoorUnfinished Cooling Window A/C(S) Heating 3 UnitsRadiators - Steam Total Number Of Rooms 16 Unit1 Appliances Equipment Range/Oven - GasRefrigerator Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenKitchenLiving RoomSee Remarks Unit1 Rooms 6 Unit1 Security Deposit 2025 Unit1 Sq Ft 950 Unit2 Appliances Equipment Range/Oven - GasRefrigerator Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenKitchenLiving RoomSee Remarks Unit2 Rooms 5 Unit2 Sq Ft 836 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsEat-In KitchenKitchenLiving RoomSee Remarks Unit3 Rooms 5 Unit3 Sq Ft 850

Property Features

Assessment Total 143500 Building Assessment 123300 Easement Unknown Expenses Include Cold WaterHeat Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 1100 Home Warranty No Land Assessment 20200 Net Operating Income 699 Renovated Year 2018 Sewer Public Sewer Tax Amount 5361 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 400 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays HeatTenant Pays ElectricTenant Pays GasTenant Pays Water Unit1 Rent 1100 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays HeatTenant Pays ElectricTenant Pays GasTenant Pays Water Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays HeatTenant Pays ElectricTenant Pays GasTenant Pays Water Unit3 Rent 0 Unit3 Security Deposit 0 Utilities See Remarks Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 201-596-3688.


Garden State MLS logo © 2023 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 The Michele Klug Team | Keller Williams Towne Square Realty. 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 The Michele Klug Team | Keller Williams Towne Square Realty 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 2023-03-30T22:46:44.167.
 
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Basking Ridge NJ, 07920