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115 Rose TerraceNewark City, NJ 07108Price: $499,500

  • Price: $499,500
  • Est. Mortgage of $/month
  • 61 Days on Market
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$
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$/month over payments
Federal 30-year interest rate: 6.73% last updated on Mar 16, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $499,500List Price
  • 8Bedrooms
  • 3Bathrooms
  • 0.07Acreage

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Large legal 3 family w/ 8 bedrooms 3 baths off Springfield or Bergen Ave. Vacant 2nd & 3rd floor units have 3 bedrooms with the possibility of adding a fourth bedroom or an ensuite bathroom with a rear balcony in each unit. Spacious apartments with lots of natural light and an eat in kitchen. Gross rental estimated $2000- $2500 for (3 bedrooms) units 2 & 3 and unit 1 ( 2 bedrooms) can be rented for $1500-1800 pcm total combined rental $5500-6800+ pcm additional rental. An additional $1400-1800 can be generated once the basement has been renovated with the appropriate permits. The home has 3 separate gas furnaces and electrical panels for each unit. Parking is available for 3+ cars but the vacant lot to the rear does not belong to the property. No access to the first floor unit until an offer has been accepted please do not communicate or disturb occupiers or your offer will be automatically rejected. Close to all modes of public transportation and minutes away from Downtown Newark, Hospital, Rutgers University, I-280 and Garden State Pkwy an easy commute to New York. Please submit your best offer at your first opportunity to avoid any disappointment.
Listed by Darrell Bailey of Re/max First Realty Ii (908-664-1500)

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 Based on information submitted to NJ_GSMLS_RETS as of March 22, 2023 2:16 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial 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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