27-29 Main Street

Newark, NJ 07105

$1,100,000
Price
8
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare Gem in Ironbound, Newark NJ: Two Buildings, One Extraordinary Opportunity! Unparalleled investment potential owning a triplex with three 2 bedroom and 1 bath units, the ground-level unit opens up to a fully finished basement, complete with an additional kitchen, bedroom, and full bath, setting the stage for lucrative rental possibilities. Adjacent to the triplex is a modern masterpiece: a single-family home crafted with precision just a decade ago. Revel in the luxury of two oversized bedrooms,...Rare Gem in Ironbound, Newark NJ: Two Buildings, One Extraordinary Opportunity! Unparalleled investment potential owning a triplex with three 2 bedroom and 1 bath units, the ground-level unit opens up to a fully finished basement, complete with an additional kitchen, bedroom, and full bath, setting the stage for lucrative rental possibilities. Adjacent to the triplex is a modern masterpiece: a single-family home crafted with precision just a decade ago. Revel in the luxury of two oversized bedrooms, boasting custom closets with built-in shelving, and two full baths designed for indulgence and relaxation. Parking headaches? Not here. With ample space in the rear and two detached garages, your tenants will thank you for the convenience. Don't let this one slip away, book your tour today.
  1. Listed by Joseph A Guerriero • Keller Williams by the Bay

Property Details for 27-29 Main Street

Complex/Subdivision
None
New Construction
No
Waterview
No
Directions
GSP N to 142A; Interstate 78E toward NJ Turnpike; Slight right on Newark ramp, merge onto I-78 E to exit 58B for US 1/9N; Merge onto US 1 to Delancy Street exit; take Stockton and Rome Avenue to Main Street.

Location

Listing Courtesy of Keller Williams by the Bay, Joseph A Guerriero
Add your commute
LISTING UPDATED: 03/29/2024 03:01 PM

Property Details for 27-29 Main Street

StatusPending
MLS #22407836
Days on Market8
Taxes$12,699 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multiple Buildings
Year Built1941
Lot Size0.11 AC / 4,791 SF
CountyEssex County

Location

Listing Courtesy of Keller Williams by the Bay, Joseph A Guerriero
Add your commute

Building Information for 27-29 Main Street

Stories3Residences4Year Built1941Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$7,061 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,058

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27-29 Main Street

Summary
Location and General Information
  • Area/Section: None
  • Postal City: Newark
  • State: NJ
  • Municipality: Newark (NEW)
  • # Units in Bldg: 4
  • Block: 2046
  • Apx Year Built: 1941.0
Parking
  • Garage: Detached
  • Parking: See Remarks
  • # Car Garage: 2.0
  • # Parking Spaces: 6.0
Taxes and HOA Information
  • Tax ID#: 14-02046-0000-00016
  • Taxes: $12,699.00
  • Tax Year: 2022
Property
Lot Information
  • # Acres: 0.11
  • Lot: 16
  • Lot Dimensions: 50 x 100
Property and Assessments
  • Assessment - Total: 339900.0
  • Assessment - Improvements: 257400.0
  • Assessment Status: Assessed
  • Asmnt - Land: 82500.0
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: Multiple Buildings
Utilities
  • Handicap Access: No
  • Fireplace: No
  • Water Heater: Natural Gas
  • Water/Sewer: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
  • Roof: Flat, Shingled
Interior Features
  • Interior: Attic - Pull Down Strs
  • # Levels: 3
  • Basement: Finished, Slab
  • Excluded: Personal property
  • Floors: Ceramic Tile, Vinyl, Wood
  • Bedrooms: 8
  • Siding: Vinyl
Multi Family
Unit 1
  • Unit 1: AC Unit, Dishwasher, Dryer, Electric Meter, Gas Meter, Gas Stove, Refrigerator, Washer, Water Heater, Water Meter
  • Unit 1: # Bedrooms: 2
  • Unit 1: # Full Baths: 2
  • Unit 1: # Rooms: 8.0
  • Unit 1: Kitchen Level: 1
  • Unit 1: Rent: $1,000.00
Unit 2
  • Unit 2: AC Unit, Electric Meter, Gas Meter, Gas Stove, Refrigerator, Washer, Water Meter
  • Unit 2: # Bedrooms: 2
  • Unit 2: # Full Baths: 1
  • Unit 2: Rent: $1,000.00
Unit 3
  • Unit 3: AC Unit, Electric Meter, Gas Stove, Refrigerator, Water Meter
  • Unit 3: # Bedrooms: 2
  • Unit 3: # Full Baths: 1
  • Unit 3: Rent: $1,000.00
Unit 4
  • Unit 4: Dishwasher, Dryer, Electric Meter, Gas Meter, Gas Stove, Refrigerator, Washer, Water Heater, Water Meter
  • Unit 4: Primary Bedroom Level: 2
  • Unit 4: Bedroom Level: 2
  • Unit 4: # Rooms: 6.0
  • Unit 4: Rent: $2,000.00
Income & Expenses Information
  • Income & Expenses: RE Tax Expense: 12699.0
  • Income & Expenses: Insurance Expense: 3520.0
  • Income & Expenses: Electric Expense: 180.0
  • Income & Expenses: Water/Sewer Expense: 2000.0
  • Income & Expenses: Gross Income: 60000.0
  • Income & Expenses: Net Income: 41601.0
  • Landlord Pays: Water
  • Tenant Pays: Electricity, Gas, Heat, Hot Water, Snow Removal, Yard Maintenance

Property History for 27-29 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 27-29 Main Street

Taxable ValueLand$82,500Additions$257,400Total$339,900
Tax Record2022$12,699 ($1,058 / month)
Home Facts
Beds0Total Finished SqFt4,118 SqFtAbove Grade Finished SqFt4,118 SqFtStories3Lot Size5,001 SqFtStyleSingle Family ResidenceYear Built1941CountyESSEXAPN14 02046-0000-00016

Schools near 27-29 Main Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
Wilson Avenue Elementary School
PublicK to 8

East Side High School
Public9 to 12

Hawkins Street Elementary School
PublicK to 8

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.

Neighborhood Map and Transit

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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 Keller Williams by the Bay, Joseph A Guerriero

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 05/09/2024 12:42 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.