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191 Hillside Ave, Newark City, NJ

$549,000

9 Beds

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3 Baths

3 full

3960 SqFt

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

Property Details

Property Type	Residential
Mls #	3790851
LotSize	6534 sqft
Property Subtype	Multi Family
Year Built	1907
Basement	Yes, Full, Unfinished, Walk-Out Access
Number of Bedrooms	9
Number of Bathrooms	3
Number of Bathrooms (full)	3
Living Area	3960 Square Feet
Utilities	Electricity Connected, Natural Gas Connected, Cable Available
Appliances	Range/Oven - Gas, Refrigerator, Gas Water Heater
Heating	3 Units, Baseboard - Hotwater
Gas	Gas-Natural
Flooring	Tile, Wood
Stories	3

Levels	3-Three Story
Floors	Tile, Wood
Security	Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
Roof	Flat
Open Parking Spaces	3
Parking Spaces	20
Parking	1 Car Width, 2 Car Width
Sewer	Public Sewer
Structure Type	Under/Over
Architecture	Under/Over
Construction Materials	Vinyl Siding
Parcel Number	1614027010000000150000
City	Newark City
Building Area	3960 Square Feet
Tenant Pays	Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

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191 Hillside Ave, Newark City, NJ

$549,000

9 Beds

3 Baths

3960 SqFt

Property Details

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Marvin Williams

Realtor

Coldwell Banker Realty

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