62 Chambers Street

Newark, NJ 07105

$1,699,999
Price
15
Beds
8
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to your next amazing investment opportunity! Nestled in the vibrant Ironbound District of Newark, this renovated 3-family home is a money-making gem waiting to be discovered. Location - location - location! All unit's newly renovated-7 Streams of incomeWelcome to your next amazing investment opportunity! Nestled in the vibrant Ironbound District of Newark, this renovated 3-family home is a money-making gem waiting to be discovered. Location - location - location! All unit's newly renovated-7 Streams of income
  1. Listed by HECTOR R. ROJAS • EXP REALTY, LLC

Property Details for 62 Chambers Street

Directions
Use Google-Ferry Street turn Chambers Street
Days On Market
6
Section/Subdiv/Development
Ironbound

Location

Listing Courtesy of EXP REALTY, LLC, HECTOR R. ROJAS
Add your commute
LISTING UPDATED: 05/02/2024 03:07 PM

Property Details for 62 Chambers Street

StatusActive
MLS #3898483
Days on Market12
Taxes$14,714 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 1-One Story
Year Built-
Lot Size0.09 AC / 3,920 SF
CountyEssex County

Location

Listing Courtesy of EXP REALTY, LLC, HECTOR R. ROJAS
Add your commute

Building Information for 62 Chambers Street

Stories-Residences3Year Built-Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$10,504 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$1,226

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 62 Chambers Street

Summary
Location and General Information
  • Middle/Jr High School: H WILSON
  • Grade School: H WILSON
  • High School: TECHNOLOGY
  • Active Days on Market: 6
  • Renovated Year: 2023
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 1996
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Light Blue
  • Town #: 1614.0
  • Street # Display: 62.0
  • # Parking Spaces: 5
  • County Or Parish: Essex
  • Street Name: Chambers St
  • Zip Code: 07105-2802
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $14,714
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 509200.0
  • Tax ID For Property: 1614-01996-0000-00060-0003-
  • 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: Assigned, Blacktop
  • # Garage Spaces: 1
  • Garage Description: Built-In Garage
Property
Lot Information
  • Lot Identifier: 60.03
  • Approximate Lot Size: 38X100
  • Total Acres: 0.09
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 432700.0
  • Assessment Land: 76500.0
  • Farm Assessment: No
Utilities
  • Cooling: 4 Units
  • Services: Garbage Included
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 4 Units
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding, Brick
  • Exterior Features: Metal Fence
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Intercom, Security System, Smoke Detector
  • Roof Description: Asphalt Shingle
  • Basement: No
  • Basement Description: Slab
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, See Remarks
  • Unit 1 Baths: 2.0
  • Unit 1 Bedrooms: 3
  • 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: 2500.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living Room, Master Bedroom
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 3750.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, See Remarks
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 2500.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living Room, Master Bedroom
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 3750.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, See Remarks
  • Unit 3 Baths: 2.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 3.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 2500.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room, Master Bedroom
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 3750.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, See Remarks
  • Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 4 Room Description: Bedrooms, Kitchen, Living/Dining Room, Master Bedroom
Multi-Family Information
  • Unit Style: 1-One Story
Income & Expenses Information
  • Total Operating Expense: $25,082.00
  • Expenses Include: All Utilities, Insurance, Taxes
  • Net Operating Income: $74,517.00
  • Gross Operating Income: $99,600.00
Rental
Rental Information
  • Home Warranty: false

Property History for 62 Chambers Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 62 Chambers Street

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

East Side High School
Public9 to 12

Lafayette Street Elementary School
PublicPK to 8

Hawkins Street Elementary School
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.

Similar Homes

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Similar Sold Homes

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62 Chambers Street is a multi-family home for sale in Newark, NJ 07105. This property was listed for sale on April 26, 2024 by EXP REALTY, LLC, it's currently listed at $1,699,999. It has been on the market for a total of 12 days and was last sold on February 10, 2022. This listing's school district is The Newark Public School District. Nearby schools include Wilson Avenue Elementary School, East Side High School and Lafayette Street Elementary School. 62 Chambers Street is a 15-bed, 8.5-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 EXP REALTY, LLC, HECTOR R. ROJAS

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 05/08/2024 08:53 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.