100 Schley St, Newark City

$550,000
  • Remarks: This large cash flowing three unit homes now available for purchase. The property boasts three large three bedroom on bath apartments, it is recently renovated from top to bottom updates include new windows, flooring, electrical, plumbing etc. The current rent roll is ,550 per month or ,600 per year, plus an additional 0 in income from the rental of parking spaces behind the home. The low expenses (Water per month Electric per month & insurance 0 per month) separate utilities and a cap rate of 9% make this investment perfect for an absentee owner in search of cashflow without renovation.

Property Details

  • MLS #: 3699119
  • Price: $550,000
  • Beds Total: 9
  • Full Baths: 3
  • County: Essex
  • Renovated Year: 2020
  • Status: Active
  • Year Built: 1925
  • Zip: 07112-1116

Interior Features

  • Basement Description: Full, Partial
  • # Rooms: 18
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven – Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven – Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 3

Exterior Features

  • Cooling: None
  • Exterior: Vinyl Siding
  • Heating: 3 Units, Baseboard – Hotwater
  • Approximate Lot Size: 34X100
  • Total # Units: 3
  • # Parking Spaces: 4
  • Sewer: Public Sewer
  • Water: Public Water

Financial Information

  • County Tax: *
  • Utilities: Gas-Natural

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This Listing is Courtesy of: HEARTH REALTY GROUP. Disclaimer: This information is deemed reliable, but not guaranteed. The buyer is responsible for verifying all information. This information is provided for use by its members and is not intended for any other purpose. This information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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