67 Broadway
Newark City, NJ 07104
Price: $880,000
GSMLS: 3953067Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 7
Baths: 2 Full & 1 Half
Garage: No
Year Built: 1900
Acres: 0.04
Property Tax: $12,983
Description
This Mixed-use Property Features A Fully Rented Commercial Space On The 1st Floor, Generating $2,570/month With A 10-year Lease And A 3% Annual Increase, Ensuring Long-term Income Stability. The Spacious 4-bedroom, 1-bath Apartment On The 2nd Floor Is Currently Vacant And Listed For $2,700/month, Offering Immediate Rental Potential At Market Value. The 3rd-floor 3-bedroom, 1-bath Unit Is Rented At $2,000/month, Well Below Market Value, Providing A Great Opportunity For Future Rent Increases.recent Updates Include A New Roof (1 Year Old) And Upgraded Electrical Wiring. Located In A High-traffic Area With Excellent Visibility, This Property Offers Strong Rental Demand And Significant Upside Potential.perfect For Owner-occupants, This Multi-family Property With Commercial Space Offers A Unique Opportunity To Live And Collect Rent. Fha Financing Available With Just 3.5% Down. Ideal For Those Looking To Invest In Their Future While Generating Consistent Rental Income.don't Miss Out On This Rare Opportunity Schedule Your Showing Today!
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
13
Basement:
Yes - Unfinished, Walkout
Interior:
Carbon Monoxide Detector, Smoke Detector, Tile Floors
Roof:
Flat
Exterior:
Vinyl Siding
Lot Size:
25X75
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
2
Room Description:
Kitchen, Living/Dining Room, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
2
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
FRANKLIN
Middle:
TECHNOLOGY
High School:
BARRINGER
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$880,000
Tax Amount:
$12,983
Land Assessment:
$59,400
Build. Assessment:
$282,000
Total Assessment:
$341,400
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3953067
List Date:
03-26-2025
Days On Market:
25
Listing Broker:
RE/MAX IN ACTION
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
