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$689,000 For Sale

244 E Kinney St
Newark City, NJ 07105

2 units | Multi Family Home
2178 sq ft lot - MLS# 3574402
Property Photo
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Description

Great opportunity to own a newer multi-family home in the heart of the Ironbound. This 2015 property features two units. 1st Floor has 4 bedrooms, 3 bathrooms, 2 car garage and access to fenced in backyard. 2nd floor has three bedrooms and 2 bathrooms. This property includes washer and dryer outlets for each unit, balconies and modern stainless steel kitchen appliances. Potential for $4200+ rental income each month and one year left on Newark tax abatement (huge savings here). Great upcoming area with a lot upside for this investment!

Features

  • # of Parking Spaces: 2
  • Approximate Lot Size: 28.3X74.5
  • Basement: Slab
  • Baths: 5
  • Bedrooms: 7
  • Construction Date/Year Built Des: Approximate
  • Cooling: 2 Units, Central Air
  • County/Area: Essex County
  • Directions: FERRY OR LAFAYETTE ST TO EAST KINNEY # 244
  • Elementary School: Oliver
  • Expenses Include: Insurance, Taxes
  • Exterior Description: Brick, Vinyl Siding
  • Fuel Type: Gas-Natural
  • Full Baths: 5
  • Garage: 2-Car
  • Garage Description: Attached Garage
  • Gross Operating Income: 999999
  • Heating: 2 Units, Forced Hot Air
  • High School: East Side
  • Listing Status: Active
  • Lot Description: Level Lot
  • Lot Identifier: 38
  • Lot Size: 0.0500
  • Middle School: East Side
  • Net Operating Income: 9999999
  • Parking Spaces: 2
  • Parking/Driveway Description: 1 Car Width, Blacktop
  • Property Type: Multi Family Home
  • Renovated Year: 2015
  • Roof Description: Asphalt Shingle
  • Services: Cable TV Available
  • Sewer: Public Sewer
  • Sub Type: Multi Family Home
  • Subdivision: Ironbound
  • Subdivision/Neighborhood: Ironbound
  • Tax Amount: $2,378
  • Total Operating Expense: 9999999
  • Total Rooms: 14
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Stackable Washer/Dryer, Dishwasher
  • Unit 1 Baths: 3.0
  • Unit 1 Bedrooms: 4
  • Unit 1 Levels: 2
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 1 Rent: 2400
  • Unit 1 Room Description: Kitchen, Living/Dining Room, Bedrooms, Laundry Room, Master Bedroom, Rec Room
  • Unit 1 Rooms: 8
  • Unit 1 Security Deposit: 3600
  • Unit 1 Sq Ft: 9999
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Microwave Oven, Smoke Detector, Dishwasher
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Levels: 3
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
  • Unit 2 Rent: 1800
  • Unit 2 Room Description: Kitchen, Living/Dining Room, Bedrooms, Master Bedroom
  • Unit 2 Rooms: 6
  • Unit 2 Security Deposit: 2700
  • Unit 2 Sq Ft: 9999
  • Unit Style: 3-Three Story
  • Units: 2
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Year Built: 2015
  • Zip Code: 07105
  • Zoning: RERSIDENTIAL

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