94 96 S Devine Street new Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07106
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,032 sqft
Price per Sqft $198
Subdivision Vailsburg
MLS Listing ID 3945967
Style Fourplex
Bedrooms 8
Full Baths 4
Year Built 1952
Annual Tax Amount $15,554
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
Discover the incredible potential of this spacious four-family home, thoughtfully designed for both comfort and investment. Each unit features two generously sized bedrooms with the possibility of converting some of the units to a 3 bedroom, providing ample living space that appeals to homeowners and renters alike. The modern, well-equipped kitchens and move-in-ready interiors make this an excellent opportunity for immediate occupancy or rental income. This property offers even more value with 2 separate partially finished basements, ideal for additional storage or future renovation to further enhance its value potential. The large lot includes four garages, providing convenient parking for all units or the option to generate extra income. The sprawling backyard is perfect for outdoor gatherings, adding to the appeal of this fantastic property. Location is key! Situated just seconds from the Garden State Parkway, this home offers easy access to public transportation, making commuting a breeze. Plus, with a beautiful public park nearby, residents can enjoy outdoor recreation just moments from their doorstep. All units are currently occupied with a monthly term. The estimated rent roll for each unit is $1,600-$1,800 Don't miss this exceptional income-producing and appreciation opportunity! Whether you're an investor looking to expand your portfolio or a homeowner seeking rental income, this property is a smart financial move.
Location
State NJ
County Essex
Zoning R4
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features Detached Garage
Garage Spaces 4.0
Utilities Available All Underground, Electric
Roof Type Rubberized
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style Fourplex
Schools
Elementary Schools Speedway
Middle Schools Speedway
High Schools West Side
Others
Senior Community No