Bought with Dallas Lamb • Realty One Group Legend, Clifton
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495 Bergen Street Newark, NJ 07108
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Key Details
Sold Price $552,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24005082
Sold Date 04/18/24
Style 3 Family
Bedrooms 8
Full Baths 4
Annual Tax Amount $6,769
Property Description
You now have an unbelievable chance to become the owner of this three-unit multi-family property. Spacious bedrooms, large living rooms and a huge partially finished basement with a full bathroom are just a few of the highlights. There is potential for up to $74,000 in yearly rental income after renovations. That is not even considering the HUGE basement with tons of potential for storage. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 10 minutes from Newark Penn Station and Beth Israel Hospital. While also being within 30 minutes from NYC! This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. Sold strictly AS-IS. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.
Location
State NJ
County Essex
Area Newark
Interior
Heating Gas
Fireplaces Type None
Laundry Basement
Exterior
Exterior Feature Brick, Shingles
Parking Features None
Utilities Available Sep Elec, Sep Gas, Sep Heat
Waterfront Description None
View None
Building
Lot Description Irregular
Architectural Style Top/Btm
Others
Ownership Private
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