53 Rose Ter, Newark City, NJ 07108

• 8 beds |
• 4 baths

Property Description

Excellent Investment Opportunity! This fully legal 3 unit property is ready for its next savvy investor to unlock its full cash flow potential. Each floor offers a separate apartment: the 1st and 2nd floors feature spacious 3-bed, 1 bath layouts, while the 3rd floor offers a 2 bed, 1 bath unit, perfectly positioned to be rented at current market rates. With low annual taxes of just $6,600 and additional basement space ideal for storage or extra income opportunities, this property is built for strong returns. On street parking keeps maintenance low, making it a hassle free option for landlords or owner occupants alike. Schedule your showing today and make this a valuable addition to your investment portfolio!

Listing Status:

Active

Listing Office:

REDFIN CORPORATION : 609-216-7035

MLS ID:

3988801

Interior

• General: Carbon Monoxide DetectorSmoke Detector
• Basement: Finished-Partially
• A/C: Window A/C(s)
• Heating: 3 UnitsBaseboard - HotwaterGas-Natural

Exterior

• General: Aluminum SidingVinyl Siding
• Parking: Parking spaces: 0

Construction

• Roofing: Asphalt Shingle

Location

• County: Essex

Lot

• Driveway: On-Street Parking
• Zoning: 1614-02624-0000-00026-0000-

Utilities

• Utilities: All UndergroundElectricGas-Natural
• Water: Public Water
• Sewer: Public Sewer

Financial

• Exclusions: Personal Items

This listing courtesy of REDFIN CORPORATION