Address
264 Lehigh Ave Newark City, NJ
Price
$ 475,000
Property Attributes
  • MLS#3679235
  • TypeMulti-Family
  • CountyESSEX
  • CityNewark City
  • AreaNewark City
  • Zip07112
  • Style3-Three Story
  • Year Built1925
  • Taxes6235
  • Price$ 475,000
  • Bedrooms10
  • Full Bathrooms3
  • Half Bathrooms0
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
COLDWELL BANKER REALTY
Property Description

Amazing opportunity for an owner or investor to acquire 4 income producing multi-family properties in one of the fastest growing areas of Newark & Irvington. See portfolio: 3679225, 3679213, 3679245. Potential to be sold separately or as a package comprising 13 units. Renovated and fully occupied. All Tenants month to month. Separate Utilities. Off-Street parking for 4 cars. Ability to install coin-operated laundry to increase NOI. Conveniently located near Weequahic Park, Beth Israel Hospital, shopping, and public transportation. Whether you are a first time home buyer interested in living in one unit (individual units can be delivered vacant) and collecting passive income or you are a seasoned investor looking to add to your portfolio this property has it all. Individual Cap Rate 12% Combined Cap Rate 9.2%.

Price History
11/18/2020 Listed $475,000

General Features

Architectural Style 3-Three Story
Cooling 3 Units, Central Air
Drive See Remarks
Heating 3 Units, Forced Hot Air
Open Parking Spaces 4
Roof See Remarks
Sewer Public Sewer
Tax Annual Amount 6235
Total Units 3
Town # 1614
Township Newark City
Utilities Gas-Natural
Water Heater Gas

Interior Features

Basement Full
Fuel Type Gas-Natural
Unit 1 Appl/equip See Remarks
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 1 Handicap Modified No
Unit 1 Levels 1
Unit 1 Room Description Bedrooms, Kitchen, Living/Dining Room, See Remarks
Unit 1 Rooms 7
Unit 2 Appl/equip See Remarks
Unit 2 Baths Total 1.0
Unit 2 Beds Total 4
Unit 2 Handicap Modified No
Unit 2 Levels 1
Unit 2 Room Description Bedrooms, Kitchen, Living/Dining Room, See Remarks
Unit 2 Rooms 8
Unit 3 Appl/equip See Remarks
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Unit 3 Handicap Modified No
Unit 3 Levels 1
Unit 3 Room Description Bedrooms, Kitchen, Living/Dining Room, See Remarks
Unit 3 Rooms 6
Unit 4 Appl/equip See Remarks
Unittype1totalrent 1600
Unittype2totalrent 1700
Unittype3totalrent 1700

Exterior Features

Exterior Description Vinyl Siding
Lot Dimensions 33X100
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 07112

Price
AVG $400K
$480K
Taxes
AVG $6,632
$6,235
Visits
AVG 61
10
Year Built
AVG 1954
1925
Walkscore
AVG 74
83
Data Provided by Walkscore ® not using MLS data

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