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$ 629,000
Est. payment /mo
Active
487 S 17th St Newark City, NJ 07103
6 Beds
3 Baths
3,020 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,020 sqft
Price per Sqft $208
MLS Listing ID 3979954
Style 2-Two Story
Bedrooms 6
Full Baths 3
Year Built 1916
Annual Tax Amount $4,875
Tax Year 2024
Lot Size 2,613 Sqft
Property Description
Turnkey Income-Producing 2-Family in Prime Newark Location! Seize this exceptional investment opportunity already generating $4,500/month in rental income with reliable tenants in place. This well-maintained property offers two spacious units: a 3BD/1BA and a 3BD/2BA, each with separate utilities for tenant-paid expenses and maximum owner convenience. Recent updates ensure minimal maintenance, while the functional layouts appeal to long-term renters. Low annual taxes of just $4,875 enhance your cash flow. Situated in a high-demand rental area near transit, shopping, and major highways, this property offers immediate returns plus strong appreciation potential. Schedule your showing now before it's gone!
Location
State NJ
County Essex
Rooms
Basement Unfinished
Interior
Interior Features See Remarks
Heating Gas-Natural
Cooling 2 Units
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features On-Street Parking
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Schools
Elementary Schools Camden St
Middle Schools West Side
High Schools West Side
Others
Senior Community No
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Listed by LIVX