303 Hobson Street

Newark, NJ 07112

$670,000
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover a rare find. Invest in a legal 4-family home in Newark with low taxes. Each unit has separate boilers and meters, making this home an ideal investment with strong positive cash flow. This property is a golden opportunity for you. Realtor is related to the seller. Property is being sold as-is. Buyer is responsible for the certificate of occupancy.Discover a rare find. Invest in a legal 4-family home in Newark with low taxes. Each unit has separate boilers and meters, making this home an ideal investment with strong positive cash flow. This property is a golden opportunity for you. Realtor is related to the seller. Property is being sold as-is. Buyer is responsible for the certificate of occupancy.
  1. Listed by MARSHA OLIVER • KELLER WILLIAMS TEAM REALTY
  2. Listed by LISA CLARKE • KELLER WILLIAMS TEAM REALTY

Property Details for 303 Hobson Street

Directions
Please use GPS.
Days On Market
22

Location

Listing Courtesy of KELLER WILLIAMS TEAM REALTY, MARSHA OLIVER; KELLER WILLIAMS TEAM REALTY, LISA CLARKE
Add your commute
LISTING UPDATED: 04/03/2024 05:20 PM

Property Details for 303 Hobson Street

StatusActive
MLS #3890435
Days on Market53
Taxes$10,565 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built-
Lot Size0.10 AC / 4,356 SF
CountyEssex County

Location

Listing Courtesy of KELLER WILLIAMS TEAM REALTY, MARSHA OLIVER; KELLER WILLIAMS TEAM REALTY, LISA CLARKE
Add your commute

Building Information for 303 Hobson Street

Stories-Residences4Year Built-Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$4,537 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,656

Property Taxes

$880

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 303 Hobson Street

Summary
Location and General Information
  • Active Days on Market: 22
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 3724.02
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 303.0
  • # Parking Spaces: 3
  • County Or Parish: Essex
  • Street Name: Hobson St
  • Zip Code: 07112-1220
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $10,565
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 341700.0
  • Tax ID For Property: 1614-03724-0002-00055-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 2 Car Width
Property
Lot Information
  • Lot Identifier: 55
  • Approximate Lot Size: 41X101
  • Total Acres: 0.1
Property and Assessments
  • Assessment Bldg: 321600.0
  • Assessment Land: 20100.0
  • Attorney Review in Progress: *
Utilities
  • Cooling: Window A/C(s)
  • Utilities: Gas-Natural
  • Water: Public Water
  • Heating: Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
Interior Features
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CarbMDet, CookGas
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 9999.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 9999.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 9999.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 9999.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: CarbMDet, CookGas, SmokeDet
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 9999.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 9999.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: CarbMDet, CookGas, SmokeDet
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Levels: 1.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 4 Rent: 9999.0
  • Unit 4 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 4 Rooms: 4.0
  • Unit 4 Security Deposit: 9999.0
  • Unit 4 Sq Ft: 0.0
Income & Expenses Information
  • Total Operating Expense: $4,800.00
  • Net Operating Income: $56,400.00
  • Gross Operating Income: $61,200.00

Property History for 303 Hobson 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 303 Hobson Street

Taxable ValueLand$20,100Additions$321,600Total$341,700
Tax Record2022$10,588 ($882 / month)
Home Facts
Beds0Total Finished SqFt3,600 SqFtAbove Grade Finished SqFt3,600 SqFtStories2Lot Size4,143 SqFtStyleSingle Family ResidenceYear Built1932CountyESSEXAPN14 03724- 02-00055

Schools near 303 Hobson Street

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

Technology High School
Public9 to 12

Speedway Academies
PublicK to 8

Lincoln 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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303 Hobson Street is a multi-family home for sale in Newark, NJ 07112. This property was listed for sale on March 12, 2024 by KELLER WILLIAMS TEAM REALTY, it's currently listed at $670,000. It has been on the market for a total of 53 days and was last sold on January 12, 2022. This listing's school district is The Newark Public School District. Nearby schools include Thirteenth Avenue Elementary School, Technology High School and Speedway Academies. 303 Hobson Street is a 8-bed, 4-bath, multi-family home.

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 TEAM REALTY, MARSHA OLIVER; KELLER WILLIAMS TEAM REALTY, LISA CLARKE

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 05/04/2024 03:33 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.