84 Scheerer Ave Newark City, NJ ^$ 649,999

84 Scheerer Ave

^$ 649,999

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84 Scheerer Ave

Newark City, NJ, 07112

^$ 649,999

Bedrooms7 Baths3.0 Sq 4,293

Monthly Estimate*

^$ 4,540

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Multi-Family Home for sale in Newark City, NJ for $649,999 with 7 bedrooms and 3 full baths. This 4,293 square foot home was built in 1917 on a lot size of 0.06.

Your investment search ends here! This legal three-family home presents a unique investment opportunity with separate utilities for each unit. The second floor and third-floor units are currently vacant, offering great potential for rental income.Property Highlights:- Legal three-family home- Separate utilities- Second and third-floor units vacant- Potential for rental income- Convenient location in Newark, NJBonus Feature:The property is assessed for four bathrooms, alleviating the need for a permit to build an additional bathroom in the basement.Situated in a desirable area of Newark, NJ, this property is close to amenities, transportation, and only a few minutes from the Ironbound section of Newark!

Multi-Family Pending

Price

^$ 649,999

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 10,658

Style

3-Three Story

Lot Size

0.06

Year Built

1917

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3892410

Features

General

Sewer Public Sewer

Heating 3 Units Forced Hot Air

Cooling Window A/C(s)

Utilities Electric Gas-Natural

Possession 0

Roof Asphalt Shingle Flat

Water Heater Gas

Architectural Style 3-Three Story

Year Built 1917

Township Newark City

Tax Year 2023

Gross Income 0

County Essex

Net Operating Income 0

Operating Expense 0

Total Rooms 16

Status Under Contract

Directions Please use GPS

Open Parking Spaces 0

Total Units 3

Street Name Scheerer Ave

Tax Annual Amount 10658

Drive On-Street Parking

Days on Market 35

Standard Status Under Contract

Tax Assessed Value 285900

Town # 1614

Tax Lot 5

Interior

Basement Full Unfinished Walkout

Unit 1 Baths Total 1.0

Unit 1 Beds Total 3

Unit 2 Baths Total 1.0

Unit 2 Beds Total 3

Unit 3 Baths Total 1.0

Unit 3 Beds Total 1

Fuel Type Electric Gas-Natural

Full Baths 3

Half Baths 0

Total Bedrooms 7

Exterior

Water Source Public Water

Exterior Description Vinyl Siding

Building Area Total 4293

Lot Dimensions 25X100

Lot Size Acres 0.06

* Excluded Features

List By

LEONARDO TATIS

Listing Agent

United Real Estate

Broker

Affordability Calculator

$5,429

Per Month

Monthly Principal & Interest: $4,540
Monthly Property Taxes: $888
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Newark, NJ

Average List Price ^$649,546

Percent of Sale Price 0%

About Newark, NJ

283,201 Population

4% Since 2002

^$35,768 Median Income

34.98 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
3/22/2024	$649,999		Listed Price

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84 Scheerer Ave, Newark City, NJ, 07112 is a Multi-Family Home for sale at $649,999 with 4,293 sqft and a lot size of 0.06. 84 Scheerer Ave has 7 bedrooms, 3.0 baths, and was built in 1917. The property's zip code is 07112 which is in Newark City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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