121 Smith St Under Contract Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07106
Key Details
Property Type Multi-Family, Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,300 sqft
Price per Sqft $185
Subdivision Vailsburg
MLS Listing ID 3932235
Style Fourplex
Bedrooms 10
Full Baths 4
Year Built 1950
Annual Tax Amount $11,851
Tax Year 2023
Lot Size 4,791 Sqft
Property Description
Prime Investment Opportunity This income-producing fourplex is ready for immediate occupancy, ideal for the savvy investor and buyers looking to offset expenses with rental income. Located minutes from Seton Hall University, this property offers convenience and rental appeal. Each spacious unit features an oversized kitchen, 2 or 3 bedrooms, a dedicated dining area, and ample closets, ensuring comfort and functionality for tenants. The shared spaces are well-designed, with a private fenced backyard that includes a generous deck perfect for outdoor gatherings. Additionally, a private driveway offering ample off-street parking for tenants and visitors. Separate utilities in the partially finished basement, accessible through a private above-ground entrance, opens possibilities for additional creative uses. The basement adds valuable square footage and functionality to the property without compromising tenant privacy. This fourplex is ideally situated close to South Orange's charming downtown area, known for its array of dining, shopping, and entertainment options. Public transportation is easily accessible, with bus lines and the South Orange Train Station nearby, offering convenient commutes to New York City and other neighboring towns. Quick access to major highways adds to the appeal, attracting tenants who value both suburban charm and urban accessibility. Don't miss out on this outstanding investment opportunity with strong income potential in a sought-after location
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Finished-Partially, Full, Walkout
Interior
Interior Features Carbon Monoxide Detector, Smoke Detector
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Garage On Site
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style Fourplex
Schools
Elementary Schools Vailsburg
Middle Schools Science
High Schools Science
Others
Senior Community No