Skip To Content

223 S 10Th St

Newark City, NJ 07107
  • $625,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 3883127
UPDATED: 82 min ago
$625,000
  • 6
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
2023
County:
Area:

School Ratings & Info

Description

Welcome home to this newly constructed 3-story legal 2-family property in Newark's Fairmount neighborhood.-; The owner's unit is a 2 story duplex that contains 3 bedrooms & 2 baths plus a large rec room/bedroom, 1/2 bath, laundry room and garage (accessed via interior stairs) on the ground level.-; The tenant's unit is on the 3rd floor and contains 3 bedrooms & 2 baths .-; Both units have ultra-modern kitchens with a full stainless steel appliance package, an open floor plan and gleaming hardwood floors.-; There are many windows throughout each unit which affords lots of natural sunlight.-; Rounding out the home is central air, laundry hook ups, separate utilities and a private fenced backyard.-; The entire property will be delivered vacant at closing.-; This is an ideal home for the Buyer that wants to live in 1 unit and rent the other to assist with their mortgage payment.-; In fact, this property has an affordable housing deed restriction that's designed to favor an owner-occupant Buyer. -; Furthermore, the property qualifies for a 5 year property tax abatement (subject to the City of Newark's approval of the Buyer's application).-; Finally, the home comes with a builder provided 10 year limited warranty.-; Well qualified FHA/VA Buyers are enthusiastically encouraged to submit their offer on this incomparable opportunity. Interior photos are from the sister property across the street (192 S 10th St, Newark) which is a replica.

Monthly Payment Calculator



Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Asset Property Solutions, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-28T17:46:51.477.
www.assetpropertysolutionsllc.com/homes/146948485
Print Image

223 S 10Th St Newark City, NJ 07107

  • Price: $625,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 82 min ago
  • ID#: 3883127
6
Beds
4
Baths
1
½ Baths
0.06
Acres
2023
Built
County:
Essex
Area:
Newark City
Property Description
Welcome home to this newly constructed 3-story legal 2-family property in Newark's Fairmount neighborhood.-; The owner's unit is a 2 story duplex that contains 3 bedrooms & 2 baths plus a large rec room/bedroom, 1/2 bath, laundry room and garage (accessed via interior stairs) on the ground level.-; The tenant's unit is on the 3rd floor and contains 3 bedrooms & 2 baths .-; Both units have ultra-modern kitchens with a full stainless steel appliance package, an open floor plan and gleaming hardwood floors.-; There are many windows throughout each unit which affords lots of natural sunlight.-; Rounding out the home is central air, laundry hook ups, separate utilities and a private fenced backyard.-; The entire property will be delivered vacant at closing.-; This is an ideal home for the Buyer that wants to live in 1 unit and rent the other to assist with their mortgage payment.-; In fact, this property has an affordable housing deed restriction that's designed to favor an owner-occupant Buyer. -; Furthermore, the property qualifies for a 5 year property tax abatement (subject to the City of Newark's approval of the Buyer's application).-; Finally, the home comes with a builder provided 10 year limited warranty.-; Well qualified FHA/VA Buyers are enthusiastically encouraged to submit their offer on this incomparable opportunity. Interior photos are from the sister property across the street (192 S 10th St, Newark) which is a replica.
Exterior Features

Approximate Lot Size 25X100 Exterior Description Aluminum SidingBrick Garage Description Attached Garage Number Of Parking Spaces 2 Parking Driveway Description 1 Car Width Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished Cooling 2 UnitsCentral Air Heating 2 UnitsForced Hot Air Total Number Of Rooms 11 Unit1 Appliances Equipment Carbon Monoxide DetectorDishwasherMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 2.1 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLaundry RoomLiving/Dining RoomMaster BedroomRec Room Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 1350 Unit2 Appliances Equipment Carbon Monoxide DetectorDishwasherMicrowave OvenRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLaundry RoomLiving/Dining RoomMaster Bedroom Unit2 Rooms 5 Unit2 Sq Ft 1350

Property Features

Assessment Total 158900 Building Assessment 127600 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 99999 Home Warranty Yes Land Assessment 31300 Net Operating Income 99999 Sewer Public Sewer Tax Amount 5936 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 99999 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 0 Unit2 Security Deposit 0 Water Public Water Year Built Description Approximate

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-354-5000.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Asset Property Solutions, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-28T17:46:51.477.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3883127-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3883127-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3883127-2.jpg
Logo
Asset Property Solutions, LLC
16 N Franklin Street, Suite: 108
Doylestown PA, 18901