$799,000
For Sale

121 Smith St Unit 4

Newark City, NJ 07106
Browse 4 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

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

  • Interior Details
      • InteriorCarbon Monoxide Detector, Smoke Detector
    • Heating & Cooling
      • Heating4+ Units, Radiators - Steam
      • Heating SourceGas-Natural
    • Beds & Baths
      • Bedrooms10
  • Property Details
      • Exterior FeaturesDeck, Storm Door(s), Storm Window(s)
      • Exterior MaterialsVinyl Siding
    • Parking
      • Parking Features1 Car Width
      • ParkingOn Site
  • Construction Details
      • Basement DescriptionFinished-Partially, Full, Walkout
      • Property TypeMulti-Family
      • BasementYes
    • Condition
      • Year Built1950
    • Material information
      • RoofAsphalt Shingle
  • Utilities / Energy Details
      • Utility FeaturesElectric, Gas-Natural
      • ServicesCable TV Available
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Water HeaterGas
  • Community and Neighborhood Details
      • SubdivisionVailsburg
    • Location
      • Elementary SchoolVAILSBURG
      • Middle SchoolSCIENCE
      • High SchoolSCIENCE
  • Other
      • MLS #3932235

Location

Julio GallardoReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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