727 S 20Th St Under Contract

Newark City,NJ 07103

$ 400000

6 Beds

2 Baths

2000 SqFt


Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $200

MLS Listing ID 3909401

Style 2-Two Story

Bedrooms 6

Full Baths 2

Year Built 1908

Annual Tax Amount $4,727

Tax Year 2023

Lot Size 2,613 Sqft

Property Description

Welcome to a prime investment opportunity in Newark, NJ! This multi-family property, with two legal units, holds enormous potential for investors. With some updates, this property can become a cash-flow powerhouse. Prime multi-family property features 6 bedrooms and 2 bathrooms. Very spacious master bedroom for tenant's comfort! Master bedroom also comes with an office that can be converted into a walk in closet! This property is ideal for investors who are looking for substantial rental income or savvy homebuyers looking to house hack. Only 30 minutes from NYC. Don't miss the chance to add this property to your portfolio. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.

Location

State NJ

County Essex

Rooms

Basement Unfinished

Interior

Heating Oil Tank Below Ground

Cooling Wall A/C Unit(s)

Heat Source Oil Tank Below Ground

Exterior

Exterior Feature Aluminum Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Others

Senior Community No

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