Estimated payment $4,616/month
Vacant lot located in the R-2 District, where it permits 1 - 3 family dwellings and townhouses. It also permits conditional low rise multi-family dwellings. There are multi-family buildings in the area. On the opposite corner of the block, there is a 3-story, 16-unit multi-family building that is currently under construction. This property can support a 3 story, 15-unit multi-family building. Close proximity to everything all major public transportation. BUYER MUST UNDERTAKE THE NECESSARY DUE DILIGENCE BEFORE SUBMITTING AN OFFER. THE POTENTIAL TO DEVELOP THE LAND IS WITHIN REACH! View and send offers asap!
Property Type
Est. Annual Taxes
Listing and Financial Details
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,237 | $60,000 | $60,000 | $0 |
| 2022 | $1,868 | $50,000 | $50,000 | $0 |
| 2021 | $695 | $18,600 | $18,600 | $0 |
| 2020 | $707 | $18,600 | $18,600 | $0 |
| 2019 | $700 | $18,600 | $18,600 | $0 |
| 2018 | $687 | $18,600 | $18,600 | $0 |
| 2017 | $662 | $18,600 | $18,600 | $0 |
| 2016 | $640 | $18,600 | $18,600 | $0 |
| 2015 | $615 | $18,600 | $18,600 | $0 |
| 2014 | $577 | $18,600 | $18,600 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2024 06/04/24 | For Sale | $799,000 | +415.5% | -- |
| 08/04/2021 08/04/21 | Sold | $155,000 | 0.0% | -- |
| 08/03/2021 08/03/21 | Pending | -- | -- | -- |
| 07/30/2021 07/30/21 | For Sale | $155,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $155,000 | Madison Title Agency Llc | |
| Bargain Sale Deed | $18,000 | Ctl Title Insurence Agency | |
| Deed | $1,000 | None Available | |
| Deed | $335,000 | -- | |
| Deed | $85,000 | -- | |
| Deed | $80,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $268,000 | Purchase Money Mortgage |
$748,888
Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!
Joseph Guzzardi REAL
Source: New Jersey MLS
MLS Number: 24017466
APN: 14-01789-01-00009
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