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303 Hobson St

Newark City, NJ 07112
  • $670,000
  • STATUS: Active Under Contract
  • ON SITE: 267 Days
  • MLS #: 3890435
Under Contract
UPDATED: 75 min ago
$670,000
  • 8
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1932
County:
Essex
Area:
Newark City

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Description

Discover a rare find. Invest in a legal 4-family home in Newark with low taxes. Each unit has separate boilers and meters, making this home potentially an ideal investment with strong positive cash flow. This property is a golden opportunity for you. Realtor is related to the seller. Property is being sold as-is. Buyer is responsible for the certificate of occupancy.

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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 Team Gio | RE/MAX Central. 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 Team Gio | RE/MAX Central 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 2024-12-05T11:46:56.773.
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303 Hobson St Newark City, NJ 07112

  • Price: $670,000
  • Status: Active Under Contract
  • On Site: 267 Days
  • Updated: 75 min ago
  • MLS #: 3890435
8
Beds
4
Baths
0
½ Baths
0.1
Acres
1932
Built
County:
Essex
Area:
Newark City
Property Description
Discover a rare find. Invest in a legal 4-family home in Newark with low taxes. Each unit has separate boilers and meters, making this home potentially an ideal investment with strong positive cash flow. This property is a golden opportunity for you. Realtor is related to the seller. Property is being sold as-is. Buyer is responsible for the certificate of occupancy.
Exterior Features

Approximate Lot Size 41X101 Exterior Description Aluminum Siding Number Of Parking Spaces 3 Parking Driveway Description 2 Car Width Roof Description Flat

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Heating Baseboard - Hotwater Total Number Of Rooms 16 Unit1 Appliances Equipment CarbMDetCookGas Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 4 Unit1 Security Deposit 9999 Unit1 Sq Ft 0 Unit2 Appliances Equipment Smoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 4 Unit3 Sq Ft 0 Unit4 Appliances Equipment CarbMDetCookGasSmokeDet Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsKitchenLiving Room Unit4 Rooms 4 Unit4 Sq Ft 0

Property Features

Assessment Total 341700 Building Assessment 321600 Easement No Exclusions personalty Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 61200 Land Assessment 20100 Net Operating Income 56400 Sewer Public Sewer Tax Amount 10565 Tax Rate Amount 3.728 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 4800 Unit Style See Remarks Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 9999 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 9999 Unit2 Security Deposit 9999 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 9999 Unit3 Security Deposit 9999 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 9999 Unit4 Security Deposit 9999 Utilities Gas-Natural Water Public Water Year Built Description Approximate

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams Team Realty: 973-253-2800.


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 Team Gio | RE/MAX Central. 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 Team Gio | RE/MAX Central 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 2024-12-05T11:46:56.773.
 
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Manalapan NJ, 08527