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16-18 Crescent Ave, Newark, NJ 07112

$355,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 3 Car Garage
  • Updated 9 days ago
16-18 Crescent Ave, Newark, NJ 07112 View this property at 16-18 Crescent Ave, Newark, NJ 07112
16-18 Crescent Ave Newark NJ 07112

Property Description

***INVESTOR ALERT!!! FIRST TIME HOME BUYER!!! CASH FLOW INVESTMENT!!!*** Welcome into this MASSIVE and FULLY OCCUPIED 3 family home in the Weequahic section of Newark, New Jersey. This 40 ×100, 3136 Sq ft detached home sits on a quiet and well kept neighborhood. All bedrooms are large enough to accommodate queen/king sized beds, master bedrooms have double closets, ample storage throughout the home, and 2 out of the 3 units have huge pantry spaces/rooms. Rent roll is $1200, $1200, $900, less than $7500K in taxes/year, and net income of around $29K(8.5% cap rate)!!! Brand new siding, gutters, 2 new hot water tanks, 1 new boiler(heat included for all units), new rubber roof over garage, and lots more upgrades. Private driveway and
detached garage large enough to accomodate 4+ cars, with an unfinished basement. Near Beth Israel Medical Center, Weequahic Highschool, I-78 Express, Phillisburg Newark Express Way, and about 40 minute drive to Manhattan and NewYork. Live in one unit and have rent pay home expenses worry free! Invest in Newark and come check out your new home today!!!

Full Property Details for 16-18 Crescent Ave

  • Price: $355,000
  • Taxes: $7,319 (2017)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 170017697
  • Updated: 10/13/2017
  • Added: 11 day(s) ago

Property History

  • 16-18 Crescent Ave, Newark, NJ
  • Listed at $355,000 on 10/12/17

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Level 3 - Full Baths: 1
  • Level 2 - Full Baths: 1
  • Level 1 - Full Baths: 1

Bedrooms

  • Total Bedrooms: 8
  • Bedrooms-L3: 2
  • Bedrooms-L2: 3
  • Bedrooms-L1: 3

Other Rooms

  • Living Rooms: 3
  • Living Room-L3: 1
  • Living Room-L2: 1
  • Living Room-L1: 1
  • Kitchens: 3
  • Kitchens-L3: 1
  • Kitchens-L2: 1
  • Kitchens-L1: 1

Parking

  • Garage Spaces: 3
  • Parking Features: 3+ Cars, Covered, Garage, Detached
  • Garage Description: 3+ Cars, Covered, Garage, Detached

Location

  • County: Essex
  • Driving Directions: Chancellor Ave and Keer Ave

Heating & Cooling

  • Heating Type: Radiators, Steam
  • Heating/Cooling: Radiators, Steam

Structural Information

  • Architectural Style: Multi-Level, Other-See Remarks
  • Exterior Const.: Aluminum/Vinyl, Brick
  • Basement Desc.: Full, Unfinished, Walk-Out

Lot Features

  • Lot Dimensions: 40 x 100

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $7,319
  • Tax Year: 2017

Disclosures and Reports

  • Exclusions: Tenants personal property, all refrigerators
  • Inclusions: Real Estate, all stoves
  • Lead Paint Discl.: Yes

Listed by Provident Legacy Real Estate Services (201) 809-9925

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Estimate the Cost

16-18 Crescent Ave will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

16-18 Crescent Ave, Newark, NJ 07112 (MLS# 170017697) is a Multi-Family property with units containing 8 bedrooms and 3 full bathrooms. 16-18 Crescent Ave is currently listed for $355,000 and was received on October 12, 2017. Want to learn more about 16-18 Crescent Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

Listed by Provident Legacy Real Estate Services (201) 809-9925

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