287 New York Ave, Newark City, NJ 07105
- $985,000
- 10
- BD
- 5
- BA
- List Price
- $985,000
- Status
- ACTIVE
- Days on Market
- 16
- MLS#
- 4041869
- Year Built
- 1922
- Bedrooms
- 10
- Bathrooms
- 5
- Full Baths
- 5
- Subdivision
- Ironbound
Property Description
GREAT INVESTMENT OPPORTUNITY! Welcome to this well-maintained, four-family, two-story property located in the highly desirable Ironbound section of Newark. Situated on an oversized 50' x 100' lot, this income-producing property is just steps from the Ironbound's renowned restaurants, shopping, entertainment, and public transportation. The building features four spacious apartments with two- and three-bedroom layouts, each with a modern kitchen, living room, dining area, full bath, and beautiful hardwood floors throughout. Additional highlights include a partially finished basement with a laundry area, separate utilities, a brick-front exterior with aluminum siding, and two detached garages in the rear, providing valuable storage. Whether you're an investor seeking strong cash flow or an owner-occupant looking to offset your mortgage with rental income, this versatile property offers exceptional value in one of Newark's most vibrant and sought-after neighborhoods.Don't miss this rare opportunity to own a well-maintained, income-producing property in the heart of the Ironbound!
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Additional Information
- Interior Features
- Carbon Monoxide Detector, Carpeting, Smoke Detector, Tile Floors, Wood Floors
- Exterior Features
- See Remarks, Sidewalk
- Taxes
- $15,068
- Heating
- 4+ Units, Baseboard - Hotwater, Radiators - Steam
- Air Conditioning
- None
- Exterior Features
- Aluminum Siding, Brick
- Roof
- Flat
- Parking
- None
- Garage
- Detached Garage
- Garage Spaces
- 2
- Number Of Units
- 4
Mortgage Calculator
Listing Courtesy Of WEICHERT REALTORS - HOME CITY, Contact: 201-293-6333
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