Address
231 Alexander St # 4 Newark City, NJ
Price
$ 599,900
Property Attributes
  • ID#3749997
  • TypeMulti-Family
  • CountyESSEX
  • CityNewark City
  • AreaNewark City
  • Zip07106
  • StyleFourplex
  • Year Built1940
  • Taxes$ 6980
  • Price$ 599,900
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
EXP REALTY, LLC
Data Source:
Garden State MLS (GSMLS) - 38 - NJ
Property Description

Back on the Market! Buyer could not perform! This is your opportunity for passive income acquiring this cash cow 4-family that features on-time paying tenants, low expenses and an overall sound building ready for you to reap the benefits. Some other added items are security cameras, Ring doorbell system for all units, and a trash lady / property manager. One of the 4 units will be delivered vacant so this property is prime for Owner-occupants and investors alike. All units have been renovated since 2019 and feature separate utilities to minize your expenses. Currently the three performing units produce $4,200 monthly with potential to gross upwards of $5,700 once fully rented. House also features only a 4-year old roof with warranty, security cameras and RING doorbells programmed for each unit. Off-street parking for up to 3 cars. Property being sold "As Is". We already obtain all city certifications and are looking for a quick closing deal. HIGHEST AND BEST DUE MONDAY 11/22 @ 5 PM.

Price History
11/3/2021 Listed $599,900

General Features

Architectural Style Fourplex
Basement Unfinished
Cooling Window A/C(s)
Drive Driveway-Shared, Off-Street Parking, Parking Lot-Exclusive
Heating Baseboard - Electric
Interior Features Security System, Smoke Detector
Open Parking Spaces 3
Roof Asphalt Shingle
Sewer Public Sewer
Tax Annual Amount 6980
Total Units 4
Town # 1614
Township Newark City
Unit Number 4
Utilities Gas-Natural
Water Heater Gas

Interior Features

Fuel Type Gas-Natural
Unit 1 Appl/equip CookGas, Refrig, OvnWGas
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 1 Handicap Modified No
Unit 1 Levels 1
Unit 1 Room Description Bedrooms, Kitchen, Living Room
Unit 1 Rooms 5
Unit 1 Sq Ft 9999
Unit 2 Appl/equip CookGas, Refrig, OvnWGas
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 2 Handicap Modified No
Unit 2 Levels 1
Unit 2 Room Description Bedrooms, Kitchen, Living Room
Unit 2 Rooms 5
Unit 2 Sq Ft 9999
Unit 3 Appl/equip CookGas, Refrig, OvnWGas
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 3 Handicap Modified No
Unit 3 Levels 2
Unit 3 Room Description Bedrooms, Kitchen, Living Room
Unit 3 Rooms 5
Unit 3 Sq Ft 9999
Unit 4 Appl/equip CookGas, Refrig, OvnWGas
Unit 4 Baths Total 1.0
Unit 4 Beds Total 2
Unit 4 Handicap Modified No
Unit 4 Levels 2
Unit 4 Room Description Bedrooms, Kitchen, Living Room
Unit 4 Rooms 5
Unit 4 Sq Ft 9999
Unittype2totalrent 1400
Unittype3totalrent 1400

Exterior Features

Exterior Description Brick, Vinyl Siding
Lot Dimensions 37.6X100
Water Source Public Water

Amenities

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

Property vs Multi-Family Average in 07106

Price
AVG $460K
$600K
Taxes
AVG $5,317
$6,980
Visits
AVG 125
57
Year Built
AVG 1938
1940
Walkscore
AVG 67
66
Data Provided by Walkscore ® not using MLS data

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