137 Congress Street
137 Congress Street
$815,000
9
4
—
—
—
Sold 1/10/23
Description
Lucrative, INCOME-PRODUCING opportunity for both investors and owner occupants! This 3-FAMILY property is located in Newark's coveted IRONBOUND section, only 5 blocks from Newark Penn/PATH station. Each unit features 3 bedrooms, 1 full bathroom, a spacious living room and well-equipped kitchen. The basement is FULLY FINISHED with two additional rooms that can serve a host of purposes, a 4TH FULL BATHROOM and a COIN-OPERATED LAUNDRY ROOM. Washer and dryer are included in the sale. The property easily...Lucrative, INCOME-PRODUCING opportunity for both investors and owner occupants! This 3-FAMILY property is located in Newark's coveted IRONBOUND section, only 5 blocks from Newark Penn/PATH station. Each unit features 3 bedrooms, 1 full bathroom, a spacious living room and well-equipped kitchen. The basement is FULLY FINISHED with two additional rooms that can serve a host of purposes, a 4TH FULL BATHROOM and a COIN-OPERATED LAUNDRY ROOM. Washer and dryer are included in the sale. The property easily pays for itself, and then some, with excellent, LONG-TERM TENANTS in place. The existing month-to-month leases allow for LANDLORD FLEXIBILITY and, it should be noted rents are below market value for the area. The building is equipped with 3 CENTRAL HVAC units, 4 GAS/ELECTRICAL METERS and 4 HOT WATER HEATERS installed in 2017. Utility company and city permits approved for SOLAR PANEL installation. Please note that these panels have been PURCHASED OUTRIGHT by the seller, not leased. The property is zoned, MX-1, for POTENTIAL MIXED USE purposes and can, therefore, house a COMMERCIAL BUSINESS on the first floor with RESIDENCES above! The possibilities are ENDLESS! All utilities, insurance, mortgage and tax payments are up to date with no liens on property. With the Ironbound section seeing recent expansion with newly established SCHOOLS in addition to clusters of appetizing RESTAURANTS and bakeries, there's no better neighborhood to INVEST and live in! Schedule a showing today!
- Listed by DAVID A SHAW • RE/MAX NEW MILLENNIUM GROUP
Property Details for 137 Congress Street
Directions
Lafayette Street to Congress Street
Days On Market21
Section/Subdiv/DevelopmentIronbound
Location
LISTING UPDATED: 01/11/2024 03:02 AM
Property Details for 137 Congress Street
Status | Sold |
---|---|
MLS # | 3807837 |
Days on Market | 21 |
Taxes | $9,872 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1857 |
Lot Size | 0.06 AC / 2,613 SF |
County | Essex County |
Location
Building Information for 137 Congress Street
Stories-Residences3Year Built1857Building Size-Lot Size0.06 AC / 2,613 SF
Payment Calculator
$5,270 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 137 Congress Street
Property History for 137 Congress Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 137 Congress Street
Taxable ValueLand$74,500Additions$189,900Total$264,400
Tax Record2022$9,878 ($823 / month)
Home Facts
Beds0Total Finished SqFt3,564 SqFtAbove Grade Finished SqFt3,564 SqFtStories3Lot Size2,566 SqFtStyleSingle Family ResidenceYear Built1857CountyESSEXAPN14 00191-0000-00017
Schools near 137 Congress Street
This home is within The Newark Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 3 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Lafayette Street Elementary School PublicPK to 8 | ||
East Side High School Public9 to 12 | ||
East Ward Elementary School PublicPK to 3 | ||
Oliver Street Elementary School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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