Properties Buying

53 Rose Ter
Newark City NJ 07108-3677

  • Multi-Family Residential
  • Active
  • 1 week ago

53 Rose Ter
Newark City NJ 07108-3677

 

$649,900

31X113.7

Description

Excellent Investment Opportunity! This fully legal 3 unit property is ready for its next savvy investor to unlock its full cash flow potential. Each floor offers a separate apartment: the 1st and 2nd floors feature spacious 3-bed, 1 bath layouts, while the 3rd floor offers a 2 bed, 1 bath unit, perfectly positioned to be rented at current market rates. With low annual taxes of just $6,600 and additional basement space ideal for storage or extra income opportunities, this property is built for strong returns. On street parking keeps maintenance low, making it a hassle free option for landlords or owner occupants alike. Schedule your showing today and make this a valuable addition to your investment portfolio!

Facts and Features

Type

Multi-Family Residential

Year Built

2024

Heating

Gas-Natural

SQFT

31X113.7

bedroom_child
Bedrooms

8

bathroom
bathrooms

4.00

garage
GARAGE

0

in_home_mode
Status

Active

Interior Features

Basement Description
Finished-Partially
Basement
Yes
Total # Full Baths
4
Total # Baths
4.00
# Bedrooms
8
Cooling
Window A/C(s)
Heating
3 Units, Baseboard - Hotwater
Fuel Type
Gas-Natural
Interior Features
Carbon Monoxide Detector, Smoke Detector
Status
Active
Total # Rooms
13
Unit 1 Appl/Equip
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 1 Baths
1.0
Unit 1 Bedrooms
3
Unit 1 Handicap Modified
No
Unit 1 Lease Expiration
2025-11-30
Unit 1 Levels
1
Unit 1 Owner/Tenant Pays
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Rent
2200
Unit 1 Room Description
Bedrooms, Kitchen, Living Room
Unit 1 Rooms
6
Unit 1 Security Deposit
2200
Unit 1 Sq Ft
1200
Unit 2 Appl/Equip
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 2 Baths
1.0
Unit 2 Bedrooms
3
Unit 2 Handicap Modified
No
Unit 2 Levels
1
Unit 2 Owner/Tenant Pays
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Room Description
Bedrooms, Kitchen, Living Room
Unit 2 Rooms
6
Unit 2 Sq Ft
1200
Unit 3 Appl/Equip
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 3 Baths
1.0
Unit 3 Bedrooms
2
Unit 3 Handicap Modified
No
Unit 3 Levels
1
Unit 3 Owner/Tenant Pays
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 3 Room Description
Bedrooms, Kitchen, Living Room
Unit 3 Rooms
5
Unit 3 Sq Ft
800
Unit Style
Triplex, Under/Over
Water Heater
Gas

Exterior Features

Total Acres
0.08
Parking/Driveway Description
On-Street Parking
Easement
No
Exclusions
Personal Items,
Exterior Description
Aluminum Siding, Vinyl Siding
Garage Description
On-Street Parking
Approximate Lot Size
31X113.7
Roof Description
Asphalt Shingle
Sewer
Public Sewer
Total # Units
3
Utilities
All Underground, Electric, Gas-Natural
Water
Public Water
Construction Date/Year Built
1930
Construction Date/Year Built Des
Approximate, Renovated