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44 Lentz Ave

Newark City, NJ 07105
  • $850,000
  • STATUS: Active Under Contract
  • ON SITE: 74 Days
  • MLS #: 3809220
Under Contract
UPDATED: 66 min ago
$850,000
  • 9
    BEDS
  • 0.08
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

Description

Calling all investors! Huge upside potential!! Well maintained 4 Family in Ironbound Newark featuring one 3 bed 2 bath, three 2 bed 1 bath apartments and added bonus a large driveway and garage with additional storage above with tons of potential to make an additional apartment. Large, finished basement. In unit laundry for all units. Home is being sold in as is condition. Pease be advised rents are below market value and projected rent roll is 1800-2000 per unit all tenants are M-T-M.

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Garden State MLS logo © 2022 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 The Debbie Woerner Team Coldwell Banker. 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 The Debbie Woerner Team Coldwell Banker 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 2022-12-07T13:46:58.717.
www.debbiewoerner.com/homes/133379250
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44 Lentz Ave Newark City, NJ 07105

  • Price: $850,000
  • Status: Active Under Contract
  • On Site: 74 Days
  • Updated: 66 min ago
  • MLS #: 3809220
9
Beds
6
Baths
0
½ Baths
0.08
Acres
1910
Built
Neighborhood:
Ironbound
County:
Essex
Area:
Newark City
Property Description
Calling all investors! Huge upside potential!! Well maintained 4 Family in Ironbound Newark featuring one 3 bed 2 bath, three 2 bed 1 bath apartments and added bonus a large driveway and garage with additional storage above with tons of potential to make an additional apartment. Large, finished basement. In unit laundry for all units. Home is being sold in as is condition. Pease be advised rents are below market value and projected rent roll is 1800-2000 per unit all tenants are M-T-M.
Exterior Features

Approximate Lot Size 50X71.5 Color Of Building Beige Exterior Description Aluminum SidingVinyl Siding Garage Description Detached GarageLoft Storage Number Of Parking Spaces 4 Parking Driveway Description 1 Car WidthConcreteOff-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Finished Cooling Ceiling FanWindow A/C(S) Heating 4+ UnitsBaseboard - Hotwater Total Number Of Rooms 25 Unit1 Appliances Equipment Carbon Monoxide DetectorCeiling Fan(S)DishwasherKitchen Exhaust FanRange/Oven - GasSmoke Detector Unit1 Baths 2.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomEat-In KitchenKitchenLaundry RoomLiving Room Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorCeiling Fan(S)Kitchen Exhaust FanRange/Oven - GasSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenKitchenLaundry RoomLiving Room Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 2.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsEat-In KitchenKitchenLaundry RoomLiving Room Unit3 Rooms 5 Unit3 Sq Ft 0 Unit4 Appliances Equipment Carbon Monoxide DetectorCeiling Fan(S)Kitchen Exhaust FanRange/Oven - GasSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 4 Unit4 Room Description BedroomsEat-In KitchenKitchenLiving Room Unit4 Rooms 5 Unit4 Sq Ft 0

Property Features

Assessment Total 311600 Building Assessment 244200 Easement No Expenses Include UtilitiesMaintenance Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 56700 Land Assessment 67400 Net Operating Income 49700 Sewer Public Sewer Tax Amount 11635 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 7000 Unit Style Duplex-Side By Side Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1500 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1100 Unit2 Security Deposit 600 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 1300 Unit3 Security Deposit 1300 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 825 Unit4 Security Deposit 800 Utilities All Underground Water Public Water Water Heater Gas

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc: 866-201-6210.


Garden State MLS logo © 2022 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 The Debbie Woerner Team Coldwell Banker. 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 The Debbie Woerner Team Coldwell Banker 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 2022-12-07T13:46:58.717.
 
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