Homes for sale - 71 Hartford St, Newark City, NJ 07103

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Jamille Hernandez

jamille@3sixtyrealtynj.com +1(973) 405-7766

$ 747,000

Est. payment | -/mo

7 Beds

4.5 Baths

29,997 SqFt

Save

$ 747,000

Est. payment | -/mo

Save

7 Beds

4.5 Baths

29,997 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 29,997 sqft

Price per Sqft $24

MLS Listing ID 3978151

Style 3-Three Story, See Remarks

Bedrooms 7

Full Baths 4

Half Baths 1

Year Built 2001

Annual Tax Amount $8,294

Tax Year 2024

Lot Size 3,049 Sqft

Property Description

Exceptional Multi-Family w/Income Potential! New opportunity to own a spacious & well-maintained multi-family property w/significant income upside. Currently configured as a 2-family home, this property offers a full 1st floor unit with private entrance presenting strong potential to convert into a third income-producing unit (buyer to verify).Each of the 2 existing units features 3 bedrooms & 2 full bathrooms, including ensuite primary baths, generous kitchens, & HWFs throughout the LRs, DRs, & hallways. Recent updates include a vinyl privacy fence, poured concrete patio, & an above-ground pool perfect for outdoor entertaining. Major systems have been thoughtfully updated: HVAC units & water heaters are less than 2 years old, & the roof is approximately 4 years old. Unit 2 also features new carpeting. The shared laundry room includes a washer & dryer with additional hookups for a second set of appliances. The ground-level space currently used as a recreation room by Unit 1 via a spiral staircase has its own private entrance & .5 Bath & is primed for easy conversion into an additional unit with minimal adjustments. Unit 2 is currently rented below market value, offering potential for immediate increased returns. Whether you're an investor looking for strong rental income or an owner-occupant interested in offsetting your mortgage, this property offers flexibility, value, & long-term potential. Ideally located near shops, schools, parks, transit, museums, & Prudential Center.

Location

State NJ

County Essex

Interior

Heating Gas-Natural

Cooling 2 Units

Heat Source Gas-Natural

Exterior

Exterior Feature Brick, Vinyl Siding

Parking Features Attached Garage

Garage Spaces 1.0

Utilities Available Gas-Natural, See Remarks

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story, See Remarks

Others

Senior Community No

Listed by RE/MAX NEIGHBORHOOD PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 405-7766

jamille@3sixtyrealtynj.com

615 Washington Ave, Belleville, NJ, 07109, USA

71 Hartford St Newark City, NJ 07103