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274 Littleton Ave

Newark City, NJ 07103
  • $675,000
  • STATUS: Active Under Contract
  • ON SITE: 68 Days
  • MLS #: 3836136
Under Contract
$675,000
  • 15
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Your search ends here. This large renovated three unit property is located under 40 mins from NYC and a short ride to Newark's Ironbound district. The property is perfect for an owner occupant, house hacker or absentee owner. Each of the three spacious units are renovated open concept style, featuring five bedrooms and one bath, high ceilings, new kitchens and flooring. In addition the property features a fully finished walk out basement with two rooms summer kitchen and a full bath. The building will be delivered with one occupant and endless opportunities for cashflow. PROJECTED FINANCIALS: GROSS INCOME $106,800, 2.15% DSCR, 27.6%, 12.9% CAP RATE. **PROPERTY QUALIFIES FOR SEVERAL GRANT AND DOWN PAYMENT ASSISTANCE PROGRAMS (ASK YOUR LENDER FOR DETAILS)**SELLER CONCESSIONS OK**

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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 2023-06-08T23:46:30.24.
www.micheleklug.com/homes/138212443
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274 Littleton Ave Newark City, NJ 07103

  • Price: $675,000
  • Status: Active Under Contract
  • On Site: 68 Days
  • MLS #: 3836136
15
Beds
4
Baths
0
½ Baths
0.06
Acres
County:
Essex
Area:
Newark City
Property Description
Your search ends here. This large renovated three unit property is located under 40 mins from NYC and a short ride to Newark's Ironbound district. The property is perfect for an owner occupant, house hacker or absentee owner. Each of the three spacious units are renovated open concept style, featuring five bedrooms and one bath, high ceilings, new kitchens and flooring. In addition the property features a fully finished walk out basement with two rooms summer kitchen and a full bath. The building will be delivered with one occupant and endless opportunities for cashflow. PROJECTED FINANCIALS: GROSS INCOME $106,800, 2.15% DSCR, 27.6%, 12.9% CAP RATE. **PROPERTY QUALIFIES FOR SEVERAL GRANT AND DOWN PAYMENT ASSISTANCE PROGRAMS (ASK YOUR LENDER FOR DETAILS)**SELLER CONCESSIONS OK**
Exterior Features

Approximate Lot Size 25X105 Exterior Description Vinyl Siding Garage Description None Number Of Parking Spaces 0 Parking Driveway Description None Roof Description Flat

Interior Features

Basement Yes Basement Description FinishedFullWalkout Cooling None Heating 1 Unit Total Number Of Rooms 27 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 5 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomLiving Room Unit1 Rooms 9 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 5 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsDining RoomLiving Room Unit2 Rooms 9 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 5 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsDining RoomLiving Room Unit3 Rooms 9 Unit3 Sq Ft 0

Property Features

Assessment Total 207900 Building Assessment 176000 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 31900 Net Operating Income 0 Renovated Year 2023 Sewer Public Sewer Tax Amount 7767 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style Triplex Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2400 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 2400 Unit3 Security Deposit 0 Utilities Gas-Natural Water Public Water Year Built Description Renovated

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-734-5130.


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 2023-06-08T23:46:30.24.
 
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