179 Mapes Avenue
179 Mapes Avenue
$425,000
10
3
2
—
—
—
Sold 6/4/21
Description
Amazing opportunity for an owner or investor to acquire 4 income producing multi-family properties in one of the fastest growing areas of Newark & Irvington. See portfolio: 3679213, 3679235, 3679245. Potential to be sold separately or as a package comprising 13 units. Renovated and fully occupied. All Tenants month to month. Separate Utilities. Off-Street parking for 4 cars. Ability to install coin-operated laundry to increase NOI. Conveniently located near Weequahic Park, Beth Israel Hospital, shopping,...Amazing opportunity for an owner or investor to acquire 4 income producing multi-family properties in one of the fastest growing areas of Newark & Irvington. See portfolio: 3679213, 3679235, 3679245. Potential to be sold separately or as a package comprising 13 units. Renovated and fully occupied. All Tenants month to month. Separate Utilities. Off-Street parking for 4 cars. Ability to install coin-operated laundry to increase NOI. Conveniently located near Weequahic Park, Beth Israel Hospital, shopping, and public transportation. Whether you are a first time home buyer interested in living in one unit (individual units can be delivered vacant) and collecting passive income or you are a seasoned investor looking to add to your portfolio this property has it all. Individual Cap Rate 12% Combined Cap Rate 9.2%.
Listing Agent
Carlos Beltran
Property Details for 179 Mapes Avenue
Directions
Bergen St & Osborne Ter
Days On Market108
Location
LISTING UPDATED: 06/05/2022 03:04 AM
Property Details for 179 Mapes Avenue
Status | Sold |
---|---|
MLS # | 3679225 |
Days on Market | 108 |
Taxes | $6,702 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1922 |
Lot Size | 0.08 AC / 3,484 SF |
County | Essex County |
Location
Building Information for 179 Mapes Avenue
Stories-Residences3Year Built1922Building Size-Lot Size0.08 AC / 3,484 SF
Payment Calculator
$2,878 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 179 Mapes Avenue
Property History for 179 Mapes Avenue
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 179 Mapes Avenue
Taxable ValueLand$28,800Additions$174,900Total$203,700
Tax Record2021$5,743 ($479 / month)
Home Facts
Beds0Total Finished SqFt2,649 SqFtAbove Grade Finished SqFt2,649 SqFtStories2Lot Size3,498 SqFtStyleSingle Family ResidenceYear Built1922CountyESSEXAPN14 03664-0000-00054
Schools near 179 Mapes Avenue
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 8 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Mount Vernon Elementary School PublicPK to 8 | ||
Technology High School Public9 to 12 | ||
Lincoln Elementary School PublicPK to 8 | ||
Speedway Academies PublicK 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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