Property

Newark City, NJ 07106 134 Palm St

Pending
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Presented By: SIGNATURE REALTY NJ; 973-855-2645
  • MLS# 3901411
  • 05/13/2024
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 5
  • SQFT • 2,558

Home Details

You now have an unbelievable chance to become the owner of this two-unit multi-family property! Spacious bedrooms, large living rooms and $4,000/month in rental income are just a few of the highlights. When you walk into each unit you are greeted with a large living room area. Couple steps down and you walk into your open concept kitchen and dining room area. Down the hall you will walk past two generously sized bedrooms to enter the large master bedroom with an accompanying master bathroom. Not to mention this property is currently generating $4,000/month in rental income from just one of the units! While still having room for an owner-occupant to move into the renovated second floor unit. Situated in a prime location, it is minutes from major highways like Garden State Parkway, I-78, Route 22 & I-280. This property is located 15 minutes from Newark Penn Station. While also being within 30 minutes from NYC! This property is ideal for both first time homebuyers looking to have tenants pay their mortgage and seasoned investors looking for a great return on investment. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.
Presented By: SIGNATURE REALTY NJ; 973-855-2645

Interior Features for 134 Palm St

Bedrooms

Total Bedrooms7
Unit 1 Beds Total4
Unit 2 Beds Total3

Bathrooms

Full Baths5
Half Baths0
Unit 1 Baths Total3.0
Unit 2 Baths Total2.0

Other Interior Features

Unit 1 Sq Ft2000
Unit 2 Sq Ft1200
Unit 1 Levels1
Unit 2 Levels1
UnitType1TotalRent4000
UnitType2TotalRent0
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator
Unit 2 Appl/EquipCarbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Range/Oven - Gas, Refrigerator
BasementFinished
Fuel TypeElectric

Other Rooms

Unit 2 Rooms7
Unit 1 Rooms7
Unit 1 Room DescriptionDining Room, Kitchen, Living Room, Living/Dining Room, Master Bedroom, Storage
Unit 2 Room DescriptionDining Room, Kitchen, Living Room, Living/Dining Room, Master Bedroom

General for 134 Palm St

Architectural Style3-Three Story
CoolingCentral Air
CountyEssex
Days on Market18
DirectionsGoogle Maps
Drive1 Car Width
EasementNo
Gross Income9999
Heating2 Units
Net Operating Income9999
NumberOfUnitsTotal2
Open Parking Spaces2
Operating Expense9999
PossessionASAP
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Street NamePalm St
Tax Annual Amount8115
Tax Assessed Value217700
Tax Lot143
Tax Year2023
Total Rooms18
Town #1614
TownshipNewark City
UtilitiesElectric
Year Built2003

Exterior for 134 Palm St

Building Area Total2558
Exterior DescriptionAluminum Siding
Lot Dimensions25X100
Lot Size Acres0.06
Water SourcePublic Water

Additional Details

Price History

Derrick Sims

Associate
Price $650,000
MLS#3901411
List Date 05/13/2024
Property Type Pending
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