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72 James Street

Newark City, NJ 07102
  • $705,000
  • STATUS: Active Under Contract
  • ON SITE: 61 Days
  • MLS #: 3878968
Under Contract
UPDATED: 30 min ago
$705,000
  • 6
    BEDS
  • 0.04
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1882
County:
Area:

School Ratings & Info

Description

For sale is a truly unique and historically significant multi-family property that boasts a rare combination of character, spaciousness, and potential. This exceptional property, with two units, each featuring three bedrooms and one bathroom, offers a captivating blend of historic charm and some modern amenities. The full finished basement of this property is a versatile space awaiting transformation. Complete with a full bathroom, it presents an opportunity for creative adaptation, whether that entails converting it into an innovative workspace, a recreational area, or even expanding it to include a convenient laundry section. The potential for customization in this space is vast, limited only by one's imagination. Both units within the property are marked by long, inviting hallways and impressive high ceilings, adding to the grandeur and sense of space. The first-floor unit has been recently upgraded with new hardwood flooring, lending a fresh, mostly modern touch to the living space while maintaining its historic appeal. Additionally, the second-floor unit is currently occupied by a reliable, on-time paying tenant, adding value for investors or those seeking rental income. This tenant presence further underscores the property's desirability and income potential... This multi-family dwelling presents an enticing opportunity for prospective buyers. With its rich history and ample space, this property stands as an exceptional and sought-after real estate gem.

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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 Trompeter Real Estate. 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 Trompeter Real Estate 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 2024-02-22T14:46:49.123.
www.trompeterrealestate.com/homes/146199219
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72 James Street Newark City, NJ 07102

  • Price: $705,000
  • Status: Active Under Contract
  • On Site: 61 Days
  • Updated: 30 min ago
  • MLS #: 3878968
6
Beds
3
Baths
0
½ Baths
0.04
Acres
1882
Built
County:
Essex
Area:
Newark City
Property Description
For sale is a truly unique and historically significant multi-family property that boasts a rare combination of character, spaciousness, and potential. This exceptional property, with two units, each featuring three bedrooms and one bathroom, offers a captivating blend of historic charm and some modern amenities. The full finished basement of this property is a versatile space awaiting transformation. Complete with a full bathroom, it presents an opportunity for creative adaptation, whether that entails converting it into an innovative workspace, a recreational area, or even expanding it to include a convenient laundry section. The potential for customization in this space is vast, limited only by one's imagination. Both units within the property are marked by long, inviting hallways and impressive high ceilings, adding to the grandeur and sense of space. The first-floor unit has been recently upgraded with new hardwood flooring, lending a fresh, mostly modern touch to the living space while maintaining its historic appeal. Additionally, the second-floor unit is currently occupied by a reliable, on-time paying tenant, adding value for investors or those seeking rental income. This tenant presence further underscores the property's desirability and income potential... This multi-family dwelling presents an enticing opportunity for prospective buyers. With its rich history and ample space, this property stands as an exceptional and sought-after real estate gem.
Exterior Features

Approximate Lot Size 20X83 Exterior Description Brick Exterior Features CurbsMetal FencePatioSidewalk Number Of Parking Spaces 0 Parking Driveway Description BlacktopOn-Street Parking Roof Description See Remarks

Interior Features

Basement Yes Basement Description FinishedFrench DrainFullWalkout Cooling Central Air Heating Forced Hot Air Interior Features Carbon Monoxide DetectorFire ExtinguisherHandicap EquippedHigh CeilingsSmoke DetectorWood Floors Total Number Of Rooms 13 Unit1 Appliances Equipment Carbon Monoxide DetectorCeiling Fan(s)DryerSecurity SystemSmoke DetectorSump PumpWasher Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 2 Unit1 Room Description BedroomsKitchenLaundry RoomLiving/Dining RoomMaster Bedroom Unit1 Rooms 6 Unit1 Security Deposit 0 Unit1 Sq Ft 9999 Unit2 Appliances Equipment Carbon Monoxide Detector Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving/Dining RoomMaster Bedroom Unit2 Rooms 6 Unit2 Sq Ft 9999

Property Features

Assessment Total 143300 Building Assessment 107400 Easement Unknown Expenses Include Garbage CollectionHot & Cold WaterInsuranceTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 9999 Home Warranty No Land Assessment 35900 Net Operating Income 9999 Renovated Year 2023 Services Cable TV AvailableGarbage Included Sewer Public Sewer Tax Amount 5353 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 9999 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 0 Unit2 Handicap Modified Yes Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1800 Unit2 Security Deposit 1800 Utilities ElectricGas-Natural Water Public Water Year Built Description Historical

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 908-664-1500.


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 Trompeter Real Estate. 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 Trompeter Real Estate 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 2024-02-22T14:46:49.123.
 
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