REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 799,000
Est. payment /mo
New
63 S 7TH ST Newark, NJ 07107
10 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260020538
Bedrooms 10
Full Baths 5
HOA Fees $3/mo
Annual Tax Amount $7,438
Property Sub-Type 3 Family
Property Description
Beautifully renovated three-family residence offering approximately 3,475 square feet of living space in Newark's West Side section, featuring a projected 9.3% cap rate—an approximately, excellent opportunity for investors seeking strong rental income and return potential. Low Annual Property Taxes are $7,438. Hardwood floors and modern kitchens with stainless steel appliances throughout. First floor: Three bedrooms, living room, bonus room, kitchen and one full bath. Full walkout basement: Rec room, sitting area and full bath, with private access from the rear of the home. Second floor: Three bedrooms, living room, kitchen and two full baths. Third floor: Three bedrooms, living room, kitchen and one full bath. Five full baths in total. Separate utilities allow for streamlined expense management. A shared driveway leads to a detached three-car garage, an exceptional feature rarely found in the area. Ideal for investors or owner-occupants looking to live in one unit while renting the others. Conveniently located near The Ironbound, schools, public transportation, shopping and major highways, with easy access to downtown Newark and NYC. Down payment assistance, FHA 100% financing and financing with as little as 3.5% -5% down on 2–4 family properties may be available to qualified buyers, subject to lender approval. Schedule your appointment today before this opportunity is gone!
Location
State NJ
County Essex
Area Newark
Rooms
Basement Finished, Partial Finish, Walk-Out
Interior
Heating Hot Air, A/C Window, Gas, Radiators
Cooling Hot Air, A/C Window, Gas, Radiators
Exterior
Exterior Feature Aluminum/Vinyl
Parking Features 3+ Cars, Detached
Listed by EXP REALTY LLC