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794 Bergen Street

Newark City, NJ 07108
  • $759,999
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 3905487
UPDATED: 69 min ago
$759,999
  • 8
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,816
    SQFT
  • $270
    $/SQFT
Type:
Multi-Family
Built:
1902
County:
Area:

School Ratings & Info

Description

Discover the epitome of investment opportunity with this impeccably maintained 3-family residence nestled in the heart of Newark, NJ's most sought-after locale. Property rents will cover the entire mortgage no matter FHA, VA, Conventional, or Cash . Boasting not only RECENTLY RENOVATED UNITS but also immense potential for added value, this property stands as a beacon for discerning investors. With tenants currently on month-to-month leases, the door is wide open for strategic upgrades and rental rate adjustments to maximize your returns.Situated in a prime commuter-friendly area, convenience is paramount. Bus stops conveniently stationed plus a new school across the street and a new police academy a mere block away, safety and education are prioritized.As Newark's landscape undergoes rapid revitalization, investing in this property means positioning yourself at the forefront of growth and development. Seize the opportunity to own a piece of Newark's promising future. Property qualifies for NEWARK LIVE GRANT : provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. Over a five-year period, 20 percent of the loan is forgiven for each full year in which the recipient has lived in the home.MUNICIPAL EMPLOYEE HOUSING ASSISTANCE PROGRAMThis program is similar to the Live Newark Closing Cost Program.. It provides $20,000 no-interest forgivable loans to purchase a home in Newark

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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 Corcoran Baer & McIntosh. 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 Corcoran Baer & McIntosh 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 2024-07-14T15:46:10.037.
www.baerhomes.com/homes/151281513
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794 Bergen Street Newark City, NJ 07108

  • Price: $759,999
  • Status: Active
  • On Site: 40 Days
  • Updated: 69 min ago
  • MLS #: 3905487
8
Beds
3
Baths
0
½ Baths
N/A
Acres
2,816
SQFT
$270
$/SQFT
1902
Built
County:
Essex
Area:
Newark City
Property Description
Discover the epitome of investment opportunity with this impeccably maintained 3-family residence nestled in the heart of Newark, NJ's most sought-after locale. Property rents will cover the entire mortgage no matter FHA, VA, Conventional, or Cash . Boasting not only RECENTLY RENOVATED UNITS but also immense potential for added value, this property stands as a beacon for discerning investors. With tenants currently on month-to-month leases, the door is wide open for strategic upgrades and rental rate adjustments to maximize your returns.Situated in a prime commuter-friendly area, convenience is paramount. Bus stops conveniently stationed plus a new school across the street and a new police academy a mere block away, safety and education are prioritized.As Newark's landscape undergoes rapid revitalization, investing in this property means positioning yourself at the forefront of growth and development. Seize the opportunity to own a piece of Newark's promising future. Property qualifies for NEWARK LIVE GRANT : provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. Over a five-year period, 20 percent of the loan is forgiven for each full year in which the recipient has lived in the home.MUNICIPAL EMPLOYEE HOUSING ASSISTANCE PROGRAMThis program is similar to the Live Newark Closing Cost Program.. It provides $20,000 no-interest forgivable loans to purchase a home in Newark
Exterior Features

Approximate Lot Size 2627 Exterior Description Aluminum Siding Garage Description See Remarks Number Of Parking Spaces 0 Parking Driveway Description On-Street ParkingSee Remarks Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Full Cooling See Remarks Heating See Remarks Total Number Of Rooms 9 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 5 Unit1 Security Deposit 2150 Unit1 Sq Ft 2816 Unit2 Appliances Equipment See Remarks Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description See Remarks Unit2 Rooms 5 Unit2 Sq Ft 2816 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description See Remarks Unit3 Rooms 5 Unit3 Sq Ft 2816 Unit4 Room Description See Remarks

Property Features

Assessment Total 214600 Building Assessment 196100 Easement No Fha Age Restricted No Fuel Type See Remarks Gross Operating Income 0 Land Assessment 18500 Net Operating Income 0 Renovated Year 2023 Sewer See Remarks Tax Amount 8017 Tax Rate Amount 0.100 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2150 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 2200 Unit2 Security Deposit 2200 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1700 Unit3 Security Deposit 1700 Utilities See Remarks Water See Remarks Water Heater See Remarks Year Built Description Approximate Zoning x

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of WEICHERT REALTORS: 347-819-1834.


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 Corcoran Baer & McIntosh. 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 Corcoran Baer & McIntosh 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 2024-07-14T15:46:10.037.
 
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