Properties

Description

Well-maintained fully "Brick 4-family investment property in sought-after Upper Ivy Hill of Newark offering approximately 6,300 sq. ft The first-floor units each consist of 1 Br, while the second-floor units each feature 2 Brs, providing a current configuration of 6 Brs and 4 Bths. However, with the exceptionally spacious floor plan, both first-floor units offer the potential to accommodate a second Br, increasing the property to a possible 8-Br, 4-Bth configuration. The potential annual rental income for this property is $96,000, with annual taxes amounting to $10,227. This results in a net annual income of $85,773 before utilities and debt servicing charges. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height, partially finished with unlimited potential. This is a commuter's delight, walking distance to NYC express 107 bus, 5 minute drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls

Features

  • Heating System : 4+ Units, Radiators - Hot Water
  • Basement : Full, Walkout, Finished-partially
  • Roof Deck : Asphalt Shingle, Flat
  • Parking : 3
  • Parking Description: Additional Parking, Blacktop, Off-Street Parking
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke
  • Exterior Features: Curbs, Sidewalk
  • Lot Description: Irregular Lot, Level Lot
  • Tax Assessed Valuation: 257000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 002497
  • Agent ID: 287230
  • Tax: 10277
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Residential

Multi-Family For Sale

For Sale
$800,000

435 Kerrigan Blvd, Newark City, *

  • SQFT 42 Acre
  • Bedroom 8
  • Built Year 1930

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5455879
  • Price: $800,000
  • Bedrooms: 8
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1930
  • Year Built Description: Approximate
  • Lot Area: 42 Acre
  • Status: Active
  • Days On Market: 15

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Subdivision: Upper Vailsburg
  • Street: Kerrigan Blvd
  • Street Number: 435
  • Street Direction: Ivy Hill / Vailsburg
  • Floor Number: 0
  • Longitude: W75° 45' 40.2''
  • Latitude: N40° 44' 21.1''
  • Internet Display Address: Yes
Property