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40 Silver St

Newark City, NJ 07106
  • $599,900
  • STATUS: Active Under Contract
  • ON SITE: 19 Days
  • MLS #: 3900098
Under Contract
UPDATED: 48 min ago
$599,900
  • 8
    BEDS
  • 0.04
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $200
    $/SQFT
Type:
Multi-Family
Built:
1925
County:
Area:

School Ratings & Info

Description

This is a very rare find: a very large, VACANT 2 family home in the desirable Vailsburg section of Newark! The great layout, plenty of big windows, and tall ceilings are just some of the unique details of this home. Unit 1 includes living / dining room, renovated kitchen with new cabinets, appliances, and quartz countertop. The 2nd floor is a giant 2 floor duplex unit that includes not only the same expansive living / dining and kitchen layout as the first floor, but also offers 5 bedrooms and 2 full renovated baths. The basement is cleaned and painted and has multiple laundry hookups ready to go. Other updates include new plumbing, separate forced air heat, and new retaining wall on the side and front of property. This property has tremendous rental income potential due to it's large apartments and amenities like forced air heat and on site laundry, making it a great opportunity for both investor and owner occupant.

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Garden State MLS logo © 2024 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 Kay Platinum Real Estate Group | EXP 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 Kay Platinum Real Estate Group | EXP 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 2024-05-26T20:46:40.193.
www.kayplatinumgroup.com/homes/150237029
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40 Silver St Newark City, NJ 07106

  • Price: $599,900
  • Status: Active Under Contract
  • On Site: 19 Days
  • Updated: 48 min ago
  • MLS #: 3900098
8
Beds
3
Baths
0
½ Baths
0.04
Acres
3,000
SQFT
$200
$/SQFT
1925
Built
County:
Essex
Area:
Newark City
Property Description
This is a very rare find: a very large, VACANT 2 family home in the desirable Vailsburg section of Newark! The great layout, plenty of big windows, and tall ceilings are just some of the unique details of this home. Unit 1 includes living / dining room, renovated kitchen with new cabinets, appliances, and quartz countertop. The 2nd floor is a giant 2 floor duplex unit that includes not only the same expansive living / dining and kitchen layout as the first floor, but also offers 5 bedrooms and 2 full renovated baths. The basement is cleaned and painted and has multiple laundry hookups ready to go. Other updates include new plumbing, separate forced air heat, and new retaining wall on the side and front of property. This property has tremendous rental income potential due to it's large apartments and amenities like forced air heat and on site laundry, making it a great opportunity for both investor and owner occupant.
Exterior Features

Approximate Lot Size 35.2X50 Exterior Description Vinyl Siding Number Of Parking Spaces 3 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling None Heating 2 UnitsForced Hot Air Total Number Of Rooms 18 Unit1 Appliances Equipment Carbon Monoxide DetectorMicrowave OvenRange/Oven - GasSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomKitchenLiving Room Unit1 Rooms 7 Unit1 Security Deposit 999 Unit1 Sq Ft 1000 Unit2 Appliances Equipment Carbon Monoxide DetectorMicrowave OvenRange/Oven - GasSmoke Detector Unit2 Baths 2.0 Unit2 Bedrooms 5 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomKitchenLiving Room Unit2 Rooms 8 Unit2 Sq Ft 1500

Property Features

Assessment Total 141400 Building Assessment 125000 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 999 Land Assessment 16400 Net Operating Income 999 Renovated Year 2024 Sewer Public Available Tax Amount 5271 Tax Rate Amount 3.728 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 999 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays Water Unit1 Rent 9999 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays Gas Unit2 Rent 999 Unit2 Security Deposit 999 Utilities ElectricGas-Natural Water Public Water Year Built Description Renovated

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-739-8008.


Garden State MLS logo © 2024 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 Kay Platinum Real Estate Group | EXP 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 Kay Platinum Real Estate Group | EXP 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 2024-05-26T20:46:40.193.
 
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Kay Platinum Real Estate Group | EXP Realty
966 Shoppes Blvd
North Brunswick Township NJ, 08902