732 S 15th St Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07103
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $242
MLS Listing ID 3946545
Style 3-Three Story
Bedrooms 8
Full Baths 3
Year Built 1907
Annual Tax Amount $6,830
Tax Year 2024
Lot Size 2,178 Sqft
Property Description
This well-maintained two-family property offers an excellent investment opportunity with eight bedrooms and three full bathrooms, generating high rental income - currently $3,010 with room for higher rent roll around $5,300- while benefiting from low property taxes. The property has been recently updated, featuring a brand-new roof, a new boiler, and gutters that were replaced just two years ago. First floor is vacant and upstairs is occupied with reliable, month- to-month tenants in place, it ensures steady cash flow for investors or savyy buyers house-hacking. Located in a rapidly developing area near newly constructed luxury condos, the neighborhood is undergoing significant reconstruction, increasing property values and future appreciation potential. This is a prime opportunity to invest in a high-demand location. The first and second floor have the same layout.
Location
State NJ
County Essex
Rooms
Basement Full, Unfinished
Interior
Interior Features Smoke Detector
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No