63 S 7TH ST
Property Description
Beautifully renovated three-family residence offering approximately 3,475 square feet of living space in Newark's West Side section, featuring a projected 9.3% cap rate-an approximately, excellent opportunity for investors seeking strong rental income and return potential. Low Annual Property Taxes are $7,438. Hardwood floors and modern kitchens with stainless steel appliances throughout. First floor: Three bedrooms, living room, bonus room, kitchen and one full bath. Full walkout basement: Rec room, sitting area and full bath, with private access from the rear of the home. Second floor: Three bedrooms, living room, kitchen and two full baths. Third floor: Three bedrooms, living room, kitchen and one full bath. Five full baths in total. Separate utilities allow for streamlined expense management. A shared driveway leads to a detached three-car garage, an exceptional feature rarely found in the area. Ideal for investors or owner-occupants looking to live in one unit while renting the others. Conveniently located near The Ironbound, schools, public transportation, shopping and major highways, with easy access to downtown Newark and NYC. Down payment assistance, FHA 100% financing and financing with as little as 3.5% -5% down on 2-4 family properties may be available to qualified buyers, subject to lender approval. Schedule your appointment today before this opportunity is gone!
Broker Details
eXp Realty, LLC (866) 201-6210
MLS ID: 20342 State License Number: 1971660
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $799,000 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 5 |
ID: 3yd-HCMLSNJ-260020538
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
12-14 Belden Street
Hartford, ConnecticutBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout