490 S 20th St
Newark City, NJ 07103
Price: $650,000
GSMLS: 3957212Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 5
Baths: 2 Full
Garage: No
Year Built: 1924
Acres: 0.07
Property Tax: $4,932
Description
Welcome To 490 S. 20th St., Newark On West Side In Redevelopment Area"a Fully Renovated 2-family Investment Opportunity Offering Strong Rental Income And Long-term Upside. Both Units Feature Spacious 2-bedroom/1-bath Layouts, With The Second-floor Unit Including An Extra Office Or Nursery. Extensive Upgrades Include Brand-new Kitchens And Bathrooms, A New Roof, New Plumbing, 2 New Water Heaters, And A New Furnace. Separate Utilities For Convenience. Estimated Rental Income Delivers Immediate Cash Flow. Bonus: Full-height Basement With Expansion Potential. Perfect For Investors Or Savvy Buyers Seeking A Turnkey Multi-unit Property With Strong Cap Rate And Future Upside. Located Close To Parks, Shopping, And Public Transportation. Being Sold Asi-is. Co And Fire Certs Done.
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
9
Basement:
Yes - Full, Unfinished, Walkout
Interior:
Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
Roof:
Asphalt Shingle, Flat
Exterior:
See Remarks, Vinyl Siding, Wood
Lot Size:
31.3X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
See Remarks
Parking:
Driveway-Shared, Off-Street Parking
Spaces Available:
2
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Pantry
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Den, Eat-In Kitchen, Living Room, Pantry
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
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
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:
Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Wall A/C Unit(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
TECHNOLOGY
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$650,000
Tax Amount:
$4,932
Land Assessment:
$32,000
Build. Assessment:
$97,700
Total Assessment:
$129,700
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3957212
List Date:
04-16-2025
Days On Market:
4
Listing Broker:
LIFESTYLE INTERNATIONAL REALTY
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
