435 Kerrigan Blvd,Newark City, NJ 07106
Newark City, NJ 07106
Description
Well-maintained fully "Brick 4-family investment property in sought-after Upper Ivy Hill of Newark offering approximately 6,300 sq. ft The first-floor units each consist of 1 Br, while the second-floor units each feature 2 Brs, providing a current configuration of 6 Brs and 4 Bths. However, with the exceptionally spacious floor plan, both first-floor units offer the potential to accommodate a second Br, increasing the property to a possible 8-Br, 4-Bth configuration. The potential annual rental income for this property is $96,000, with annual taxes amounting to $10,227. This results in a net annual income of $85,773 before utilities and debt servicing charges. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height, partially finished with unlimited potential. This is a commuter's delight, walking distance to NYC express 107 bus, 5 minute drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls
Details
| MLS # | 4055814 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 15 |
| Listing Provided By | COLDWELL BANKER REALTY | MARVIN WILLIAMS |
Features
| Bath(s) | 4 Total |
|---|---|
| Garage | 3 |
| Basement | Y |
| Zoning | Residential |
Taxes
| Property | 10289 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07106 |
| Area | Essex |
| Community Name | Upper Vailsburg |
| Listing VS Median (in Upper Vailsburg) | |
Price: $800,000 low | high Med: $587,753 On site: 15 low | high Med: 602 | |
Market Activity 07106
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07106 |
| Area | Essex |
| Community Name | Upper Vailsburg |
| Listing VS Median (in Upper Vailsburg) | |
Price: $800,000 low | high Med: $587,753 On site: 15 low | high Med: 602 | |
