870-872 South 20th Street

Newark, NJ 07108

$500,000
Last Sold Price
7
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Whether you're an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey's hottest markets, you don't want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 beds, 1 bath. Unit 2 is 3 beds, 1 bath, Unit 3 is 1 bed, 1 bath. Ideal for a first time buyer-investor...Whether you're an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey's hottest markets, you don't want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 beds, 1 bath. Unit 2 is 3 beds, 1 bath, Unit 3 is 1 bed, 1 bath. Ideal for a first time buyer-investor looking for rental income to offset the mortgage costs. Apartment 2 currently leases at $1,600 per month. Recent upgrades include a new boiler and three hot water tanks. This incredible property is centrally located close to rt 78, 22, 21, GSP & NJTPK, schools, shopping centers, houses of worship, Newark Liberty international airport, universities, Newark Penn station trains & buses, Prudential Center, Downtown Newark business district
  1. Listed by Darrell Bailey • RE/MAX First Realty II • (908) 664-1500

Property Details for 870-872 South 20th Street

Style
3 Family
Sub style
Top/Btm
Waterfront
None
Garage
Detached

Location

Listing Courtesy of RE/MAX First Realty II, Darrell Bailey

Sold By RE/MAX First Realty II, Darrell Bailey

Add your commute
LISTING UPDATED: 08/07/2023 05:56 PM

Property Details for 870-872 South 20th Street

StatusSold
MLS #23007881
Days on Market25
Taxes$7,841 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3 Family
Year Built-
Lot Size0.09 AC / 3,759 SF
CountyEssex County

Location

Listing Courtesy of RE/MAX First Realty II, Darrell Bailey

Sold By RE/MAX First Realty II, Darrell Bailey

Add your commute

Building Information for 870-872 South 20th Street

Stories-Residences-Year Built-Building Size-Lot Size0.09 AC / 3,759 SF

Payment Calculator

$3,382 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,729

Property Taxes

$653

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 870-872 South 20th Street

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: 20th
  • County Name: ESSEX
  • Status: SOLD
  • Street Direction: South
  • Zip Code: 07108
Taxes and HOA Information
  • Tax: $7,841
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 3759.0
  • Lot: 00029
  • Year Built: 1900-1939
  • Views exposure: None
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 03015
Property and Assessments
  • Photo: Y
  • Photo Number: 14
Utilities
  • Sewer: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat, Sep Water
  • Heatcool: Baseboard, Electric
  • Cooling Type: Baseboard, Electric
Interior and Exterior Features
Interior Features
  • Bedrooms: 7
  • Baths full: 3
  • Baths partial: 0
  • Basement: Full, Unfinished
  • Number of rooms: 14
  • Laundry: None
  • Lifestyle: Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Full Baths Total: 3
  • Num of Baths: 3.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $485,000.00
  • Listing Date: 03-20-2023
  • Pending Date: 04-14-2023
  • Close Date: 08-07-2023
  • Status Date: 08-07-2023
  • Sale Price: $500,000
Showing Information
  • Internet Remarks: Whether you're an Investor looking for a positive cash flowing property or an Owner-occupant buyer looking for an opportunity to own a home in one of New Jersey's hottest markets, you don't want to miss this home. This Legal three family income producing property with huge units offers all separate utilities (owner only pays for water), spacious rooms, a detached garage and plenty of parking. Unit 1 is 2 beds, 1 bath. Unit 2 is 3 beds, 1 bath, Unit 3 is 1 bed, 1 bath. Ideal for a first time buyer-investor looking for rental income to offset the mortgage costs. Apartment 2 currently leases at $1,600 per month. Recent upgrades include a new boiler and three hot water tanks. This incredible property is centrally located close to rt 78, 22, 21, GSP & NJTPK, schools, shopping centers, houses of worship, Newark Liberty international airport, universities, Newark Penn station trains & buses, Prudential Center, Downtown Newark business district

Property History for 870-872 South 20th 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 870-872 South 20th Street

Taxable ValueLand$12,900Additions$197,100Total$210,000
Tax Record2022$12,265 ($1,022 / month)
Home Facts
Beds0Total Finished SqFt3,300 SqFtAbove Grade Finished SqFt3,300 SqFtStories3Lot Size3,759 SqFtStyleSingle Family ResidenceYear Built1917CountyESSEXAPN14 03015-0000-00029

Schools near 870-872 South 20th Street

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 - PK to 8
Rating
School
Distance
Mount Vernon Elementary School
PublicPK to 8

Technology High School
Public9 to 12

Lincoln Elementary School
PublicPK to 8

Louise A. Spencer 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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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 RE/MAX First Realty II, Darrell Bailey

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 04/25/2024 12:35 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.