71 Hartford St new Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07103
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 29,997 sqft
Price per Sqft $24
MLS Listing ID 3978151
Style 3-Three Story, See Remarks
Bedrooms 7
Full Baths 4
Half Baths 1
Year Built 2001
Annual Tax Amount $8,294
Tax Year 2024
Lot Size 3,049 Sqft
Property Description
Exceptional Multi-Family w/Income Potential! New opportunity to own a spacious & well-maintained multi-family property w/significant income upside. Currently configured as a 2-family home, this property offers a full 1st floor unit with private entrance presenting strong potential to convert into a third income-producing unit (buyer to verify).Each of the 2 existing units features 3 bedrooms & 2 full bathrooms, including ensuite primary baths, generous kitchens, & HWFs throughout the LRs, DRs, & hallways. Recent updates include a vinyl privacy fence, poured concrete patio, & an above-ground pool perfect for outdoor entertaining. Major systems have been thoughtfully updated: HVAC units & water heaters are less than 2 years old, & the roof is approximately 4 years old. Unit 2 also features new carpeting. The shared laundry room includes a washer & dryer with additional hookups for a second set of appliances. The ground-level space currently used as a recreation room by Unit 1 via a spiral staircase has its own private entrance & .5 Bath & is primed for easy conversion into an additional unit with minimal adjustments. Unit 2 is currently rented below market value, offering potential for immediate increased returns. Whether you're an investor looking for strong rental income or an owner-occupant interested in offsetting your mortgage, this property offers flexibility, value, & long-term potential. Ideally located near shops, schools, parks, transit, museums, & Prudential Center.
Location
State NJ
County Essex
Interior
Heating Gas-Natural
Cooling 2 Units
Heat Source Gas-Natural
Exterior
Exterior Feature Brick, Vinyl Siding
Parking Features Attached Garage
Garage Spaces 1.0
Utilities Available Gas-Natural, See Remarks
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story, See Remarks
Others
Senior Community No