243 Adams Street, Unit 2

Newark, NJ 07105

$599,000
Price
4
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Opportunity knocks, Location, Location, Excellent home for a starter investor or Owner Occupied. New Roof, Sold "AS IS" Commuters Dream, enjoy the great community park. Ironbound is a remarkable neighborhood. Independence Park is like an open Oasis that people of all ages rely on for recreation, relaxation, Exercise, and socialization.Opportunity knocks, Location, Location, Excellent home for a starter investor or Owner Occupied. New Roof, Sold "AS IS" Commuters Dream, enjoy the great community park. Ironbound is a remarkable neighborhood. Independence Park is like an open Oasis that people of all ages rely on for recreation, relaxation, Exercise, and socialization.
  1. Listed by MANUEL LOURENC VARAJAO • EXIT GOLDEN REALTY GROUP LLC

Property Details for 243 Adams Street, Unit 2

Directions
E. Kinney to Adams
Days On Market
67
Section/Subdiv/Development
Ironbound

Location

Listing Courtesy of EXIT GOLDEN REALTY GROUP LLC, MANUEL LOURENC VARAJAO
Add your commute
LISTING UPDATED: 04/15/2024 10:05 AM

Property Details for 243 Adams Street, Unit 2

StatusActive
MLS #3885297
Days on Market83
Taxes$4,655 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built1925
Lot Size0.03 AC / 1,306 SF
CountyEssex County

Location

Listing Courtesy of EXIT GOLDEN REALTY GROUP LLC, MANUEL LOURENC VARAJAO
Add your commute

Building Information for 243 Adams Street, Unit 2

Stories-Residences2Year Built1925Building Size-Lot Size0.03 AC / 1,306 SF

Payment Calculator

$3,657 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$388

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 243 Adams Street, Unit 2

Summary
Location and General Information
  • Zoning: Residential
  • Building #: 1
  • Middle/Jr High School: WILSON AVE
  • Grade School: WILSON AVE
  • High School: EAST SIDE
  • Active Days on Market: 67
  • Renovated Year: 2019
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 958
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Gray
  • Town #: 1614.0
  • Unit #: 2
  • Street # Display: 243.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Adams St
  • Zip Code: 07105-2013
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $4,655
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 124600.0
  • Tax ID For Property: 1614-00958-0000-00035-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2022
  • Tax Year: 2022
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking, See Remarks
  • # Garage Spaces: 0
  • Garage Description: On-Street Parking, See Remarks
Property
Lot Information
  • Lot Description: Irregular Lot
  • Lot Identifier: 35
  • Approximate Lot Size: 22.2X53.7
  • Total Acres: 0.03
  • Construction Date/Year Built: 1925
  • Construction Date/Year Built Des: Approximate, Renovated
Property and Assessments
  • Assessment Bldg: 80000.0
  • Assessment Land: 44600.0
  • Farm Assessment: No
Utilities
  • Cooling: Window A/C(s)
  • Services: Cable TV Available
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: Baseboard - Electric, Floor/Wall Heater
  • Fuel Type: Electric, Gas-Natural, See Remarks
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Metal Fence, See Remarks
Interior Features
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dryer, Kitchen Exhaust Fan, Range/Oven - Electric, See Remarks, Smoke Detector, Washer
  • Unit 1 Baths: 3.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 03-31-2024
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 1 Rent: 3700.0
  • Unit 1 Room Description: Bedrooms, Family Room, Kitchen, Laundry Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 1000.0
  • Unit 1 Sq Ft: 700.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dryer, Kitchen Exhaust Fan, Range/Oven - Gas, See Remarks, Washer
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 03-31-2024
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 2 Rent: 2100.0
  • Unit 2 Room Description: Bedrooms, Family Room, Kitchen, Laundry Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 1000.0
  • Unit 2 Sq Ft: 700.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $13,200.00
  • Expenses Include: All Utilities, Electric, Heat, Taxes
  • Net Operating Income: $56,400.00
  • Gross Operating Income: $69,600.00
Rental
Rental Information
  • Home Warranty: false

Property History for 243 Adams Street, Unit 2

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 243 Adams Street, Unit 2

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
East Ward Elementary School
PublicPK to 3

Oliver Street Elementary School
PublicPK to 8

East Side High School
Public9 to 12

Lafayette 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.

Similar Homes

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Similar Sold Homes

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243 Adams Street, Unit 2 is a multi-family home for sale in Newark, NJ 07105. This property was listed for sale on February 8, 2024 by EXIT GOLDEN REALTY GROUP LLC, it's currently listed at $599,000. This listing's school district is The Newark Public School District. Nearby schools include East Ward Elementary School, Oliver Street Elementary School and East Side High School. 243 Adams Street, Unit 2 is a 4-bed, 5-bath, multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT GOLDEN REALTY GROUP LLC, MANUEL LOURENC VARAJAO

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/01/2024 02:12 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.