191 Hillside Ave, Newark City, NJ
3 Family Unit - Great Investment Opportunity: (9 Bedrooms and 3 Baths in total situated on double lot. Ideal to build another multi family). Value is in the bonus lot. Each of the 3 units comes with 3 sizable bedrooms and 1 bath. Interior of this property is in immaculate condition as it was updated approx. 10 years ago. No work is needed. The current tenants are paying $1,200 per month which is below market. However, the true potential rent roll of this property is Unit 1 = $1,850 / Unit 2= $1,1850 / Unit 3 =$1,850 a total of $5,550. (Potential annually income $66,600 and taxes $8,181) As a bonus this property sits on an oversized lot (50x130). The building sits on approx. 25X130 and the parking lot sits on approx. 25x130. This parking lot potentially could be converted and developed into a separate multi- family unit. That is really a double bonus. Basement is standing height/ full and unfinished / provides ample space for storage. Proximity to NYC trains and buses. Approximately 7 minutes to Newark International airport and 20 minutes to Midtown NYC.
Listing Courtesy of MLS ID# 3790851
Reviews
Marvin was really nice, however after spending $150 on applications fee and sending pay stubs, we never heard back. He informed us that we will hear from him and we never did. The next thing you know...
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03/08/2025 - agnesanokye
In February 2020, when we were preparing our home for the market the pandemic hit us. We were downsizing our home and hoping to buy a townhouse in Bridgewater. We became concerned that it was the...
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03/28/2021 - t daley2
We worked with Marvin to sell an investment property in Elizabeth. NJ. There were touchy situations with tenants that Marvin did not need to involve himself in, but he did and was a huge asset in...
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03/03/2021 - Toby 2007
What can I say, we could not have done it without Marvin. As a resident of Hillside for a number of years my husband and I made the decision to relocate to South Carolina. From the get-go Marvin...
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01/23/2021 - gthu93
Marvin was a pleasure to work with and his responsiveness, neighborhood knowledge, real estate experience made a difference in finding a perfect rental home in Union NJ. He listens well and paid...
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11/30/2020 - zuser20161123195612941
Marvin demonstrated he had the heart and hustle to get us a great deal on the sale of our home in Union Township NJ. I appreciated his level of optimism and his positive outlook despite operating in...
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11/06/2020 - alsg2211
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