Property
Newark City, NJ 07103 131 Fairmount Ave
$525,000
Pending
4 more
Presented By: RE/MAX SELECT; 973-739-8008
Beds • 6
Baths • 3
Home Details
Don't miss out on this large 3 family home with serious investment potential! All 3 apartments are 2 bedroom 1 bath units that offer ample and versatile living spaces including an eat-in kitchen, dining / living room (can be converted to 3rd bedroom), pantry, and porch. Separate utilities, owners only pays water and common area lights. Once renovated, this property could yield substantial rental income! This is a unique opportunity for investors to capitalize on a high-demand area. Property is being sold in strictly as-is condition. Buyer is responsible for c/o and fire certificates. Cash offers preferred.
Presented By: RE/MAX SELECT; 973-739-8008
Interior Features for 131 Fairmount Ave
Bedrooms
Total Bedrooms6
Unit 1 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total2
Bathrooms
Full Baths3
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 1 Levels1
Unit 2 Levels2
Unit 3 Levels3
UnitType1TotalRent0
UnitType2TotalRent0
UnitType3TotalRent0
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipRange/Oven - Gas, Refrigerator
Unit 2 Appl/EquipRange/Oven - Gas, Refrigerator
Unit 3 Appl/EquipRange/Oven - Gas, Refrigerator
BasementBilco-Style Door
Fuel TypeElectric, Gas-Natural
Other Rooms
Unit 2 Rooms6
Unit 1 Rooms6
Unit 3 Rooms6
Unit 3 Room DescriptionBedrooms, Den, Eat-In Kitchen, Living Room, Pantry
Unit 1 Room DescriptionBedrooms, Den, Eat-In Kitchen, Living Room, Pantry
Unit 2 Room DescriptionBedrooms, Den, Eat-In Kitchen, Living Room, Pantry
General for 131 Fairmount Ave
Architectural Style3-Three Story
CoolingNone
CountyEssex
Days on Market31
DirectionsS Orange Ave to Fairmount Ave
DriveNone
EasementNo
ExclusionsTenant's personal belongings
Farm AssessmentNo
GarageNone
Garage Spaces
Gross Income999999
Heating3 Units, Radiators - Steam
Home Warranty Y/NNo
Net Operating Income999999
NumberOfUnitsTotal3
Open Parking Spaces0
Operating Expense999999
PossessionAt Closing
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount7012
Tax Assessed Value187700
Tax Lot29
Tax Year2022
Total Rooms18
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Water HeaterGas
Year Built1900
Exterior for 131 Fairmount Ave
Exterior DescriptionBrick, Vinyl Siding
Lot Dimensions25X100
Lot Size Acres0.06
Water SourcePublic Water
Additional Details
Price History
Charles Torres
Owner