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564 Broadway,Newark City, NJ 07104-4131 | Wright Home Realty

Call us:

+01-123-4567

Listing Details

564 Broadway,Newark City, NJ 07104-4131

  • October 9, 2025

Description

GREAT INVESTMENT OPPORTUNITY!! WELL MAINTAINED/ GOOD CONDITION FOUR FAMILY LOCATED IN THE CENTER OF NORTH NEWARK. Fully occupied and generating $5,575/month in rental income. Low property taxes make this an excellent investment opportunity. Units feature hardwood floors, high ceilings, a Huge living room/dining room, and are in good condition. Owner pays heat for Units 2,3, and 4 (avg. $200/month). Unit 1 has central A/C installed less than 5 years ago. Annual insurance $4,300. Strong cash flow with stable tenants in place. Convenient North Ward location near schools, shops, and transportation.

Details

Last Updated On: October 9th, 2025 at 6:35 pm
Property ID:PT-1812897-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 865,000 $
Bedrooms:7
Year Built:1920

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 27.3X104.6
Lot Identifier: 63
Lot Identifier: 63

Home Details

Open Parking: 0
Basement: Yes
Basmnt/Desc: Yes - Finished
Acreage: 0.07
Total Baths: 4.00
Number of Units: 4
Rooms: 17
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: TBD
Unit 1 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas
Unit 1 Levels: 1
Unit 1 Rooms: 5
Unit 1 Beds: 2
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 1 Lease Expire: 2026-07-31
Unit 1 Rent: 1400
Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room
Unit 2 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas
Unit 2 Levels: 2
Unit 2 Rooms: 4
Unit 2 Beds: 2
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 2 Handicap: No
Unit 2 Lease Expire: 2025-12-31
Unit 2 Rent: 1400
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
Unit 3 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas
Unit 3 Levels: 3
Unit 3 Rooms: 5
Unit 3 Beds: 2
Unit 3 Baths: 1.0
Unit 3 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 3 Handicap: No
Unit 3 Lease Expire: 2025-12-31
Unit 3 Rent: 1600
Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room
Unit 4 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas
Unit 4 Levels: 4
Unit 4 Rooms: 3
Unit 4 Beds: 1
Unit 4 Baths: 1.0
Unit 4 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 4 Handicap: No
Unit 4 Lease Expire: 2025-12-31
Unit 4 Rent: 1175
Unit 4 Room Description: Bedrooms, Kitchen, Living/Dining Room
Block Identifier: 679
County Number: 16
Town Number: 1614
YB/Desc: 1920 - Approximate
Easement: Unknown
Parking/Driveway Description: None
Block Identifier: 679
County Number: 16
Town Number: 1614
Possession: TBD

Utilities

Water Heater: Gas
Heat Source: Gas-Natural
Heat System: 2 Units, Forced Hot Air, Radiators - Hot Water
Cool System: 1 Unit, Central Air, Wall A/C Unit(s), Window A/C(s)
Water: Public Water
Sewer: Public Sewer

Taxes, Fees & Assessments

Tax ID For Property: 1614-00679-0000-00063-0000-
Tax Amount: $6,514.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2024
Land Assessment: $23,700.00
Building Assessment: $147,600.00
Total Assessment: $171,300.00
FHA Age Restricted: No

Statistics

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