870 South 20th Street
870 South 20th Street
$500,000
7
3
—
—
—
Sold 8/7/23
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 bedrooms, 1 bath. Unit 2 is 3 bedrooms, 1 bath, Unit 3 is 1 bed, 1 bath. Unit 1 and 3 will be...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 bedrooms, 1 bath. Unit 2 is 3 bedrooms, 1 bath, Unit 3 is 1 bed, 1 bath. Unit 1 and 3 will be delivered vacant at closing - 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 and walking distance to Westside park/recreational area. The seller would be willing to provide sellers concession for strong offers over the list price to help with financing to buy down the interest rate or to reduce the amount of down payment and closing costs. We will only accept offers from direct end buyers no wholesalers please. This opportunity will not last for long.
- Listed by DARRELL BAILEY • RE/MAX FIRST REALTY II
- Listed by PETER BOUTROS
Property Details for 870 South 20th Street
Directions
Clinton Ave to S 20th St
Days On Market25
Location
LISTING UPDATED: 08/07/2023 06:48 PM
Property Details for 870 South 20th Street
Status | Sold |
---|---|
MLS # | 3834012 |
Days on Market | 25 |
Taxes | $12,265 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1917 |
Lot Size | 0.09 AC / 3,920 SF |
County | Essex County |
Location
Building Information for 870 South 20th Street
Stories-Residences3Year Built1917Building Size-Lot Size0.09 AC / 3,920 SF
Payment Calculator
$3,751 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 870 South 20th Street
Property History for 870 South 20th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 870 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.
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