27-29 Main St Newark City, NJ $ 1,100,000
27-29 Main St
$ 1,100,000
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27-29 Main St

Newark City, NJ, 07105
$ 1,100,000
Bedrooms8 Baths5.0

Monthly Estimate*

$ 7,684

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Multi-Family Home for sale in Newark City, NJ for $1,100,000 with 8 bedrooms and 5 full baths. This home was built in 1941 on a lot size of 0.11.

Rare Gem in Ironbound, Newark NJ: Two Buildings, One Extraordinary Opportunity! Step into a realm of unparalleled investment potential in the coveted Ironbound section of Newark, NJ. This is an avenue to owning not one, but two remarkable buildings on a single lot. Imagine owning a triplex with three units, each featuring 2 bedrooms and 1 bath. But it doesn't end there. The ground-level unit opens up to a fully finished basement, complete with an additional kitchen, bedroom, and full bath, setting the stage for lucrative rental possibilities. Adjacent to the triplex is a modern masterpiece: a single-family home crafted with precision just a decade ago. Revel in the luxury of two oversized bedrooms, boasting custom closets with built-in shelving, and two full baths designed for indulgence and relaxation. Parking headaches? Not here. With ample space in the rear and two detached garages, your tenants will thank you for the convenience. This property isn't just an investment; it's a lifestyle upgrade waiting to happen. In a neighborhood known for its charm and vibrancy, opportunities like these are rare. Don't let this one slip through your fingers. Book your tour today and seize the chance to make this unparalleled property yours.

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Multi-Family Pending

Price

$ 1,100,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 12,671

Style

3-Three Story

Lot Size

0.11

Year Built

1941

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3892167

Features
General
Sewer Public Sewer
Heating 4+ Units
Cooling Wall A/C Unit(s)
Possession Closing
Roof Asphalt Shingle Flat
Water Heater Gas
Garage Spaces 2
Architectural Style 3-Three Story See Remarks
Exclusions Personal property
Year Built 1941
Garage Detached Garage
Township Newark City
Tax Year 2023
Gross Income 60000
County Essex
Net Operating Income 41629
Operating Expense 18371
Subdivision Name Ironbound
Total Rooms 21
Status Under Contract
Directions Between George and Ferry
Open Parking Spaces 6
Total Units 4
Street Name Main St
Tax Annual Amount 12671
Drive Common Driveway-Shared
Days on Market 8
Standard Status Under Contract
Tax Assessed Value 339900
Town # 1614
Tax Lot 16
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Interior
Basement Full
Unit 1 Baths Total 2.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 4 Baths Total 1.0
Unit 4 Beds Total 2
Fuel Type Gas-Natural
Full Baths 5
Half Baths 0
Total Bedrooms 8
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Exterior
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 50X100
Lot Size Acres 0.11
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* Excluded Features
List By
JOSEPH A. GUERRIER

Listing Agent

Keller Williams By The Bay

Broker

joeyg@kw.com

Email

Affordability Calculator

$8,740
Per Month
88%
12%
0%
Monthly Principal & Interest
$7,684
Monthly Property Taxes
$1,056
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2024$1,100,000 Listed Price

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27-29 Main St, Newark City, NJ, 07105 is a Multi-Family Home for sale at $1,100,000 with a lot size of 0.11. 27-29 Main St has 8 bedrooms, 5.0 baths, and was built in 1941. The property's zip code is 07105 which is in Newark City, NJ