Property

Newark City, NJ 07108 794 Bergen Street

794 Bergen Street Newark City, NJ - Image 1794 Bergen Street Newark City, NJ - Image 2794 Bergen Street Newark City, NJ - Image 3
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794 Bergen Street Newark City, NJ - Image 4794 Bergen Street Newark City, NJ - Image 5794 Bergen Street Newark City, NJ - Image 6794 Bergen Street Newark City, NJ - Image 7794 Bergen Street Newark City, NJ - Image 8794 Bergen Street Newark City, NJ - Image 9794 Bergen Street Newark City, NJ - Image 10794 Bergen Street Newark City, NJ - Image 11794 Bergen Street Newark City, NJ - Image 12794 Bergen Street Newark City, NJ - Image 13
Presented By: WEICHERT REALTORS; 347-819-1834
  • MLS# 3905487
  • 05/31/2024
  • Request Tour
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  • Beds • 8
  • Baths • 3
  • SQFT • 2,816

Home Details

Discover the epitome of investment opportunity with this impeccably maintained 3-family residence nestled in the heart of Newark, NJ's most sought-after locale. Property rents will cover the entire mortgage no matter FHA, VA, Conventional, or Cash . Boasting not only RECENTLY RENOVATED UNITS but also immense potential for added value, this property stands as a beacon for discerning investors. With tenants currently on month-to-month leases, the door is wide open for strategic upgrades and rental rate adjustments to maximize your returns.Situated in a prime commuter-friendly area, convenience is paramount. Bus stops conveniently stationed plus a new school across the street and a new police academy a mere block away, safety and education are prioritized.As Newark's landscape undergoes rapid revitalization, investing in this property means positioning yourself at the forefront of growth and development. Seize the opportunity to own a piece of Newark's promising future. Property qualifies for NEWARK LIVE GRANT : provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. Over a five-year period, 20 percent of the loan is forgiven for each full year in which the recipient has lived in the home.MUNICIPAL EMPLOYEE HOUSING ASSISTANCE PROGRAMThis program is similar to the Live Newark Closing Cost Program.. It provides $20,000 no-interest forgivable loans to purchase a home in Newark
Presented By: WEICHERT REALTORS; 347-819-1834

Interior Features for 794 Bergen Street

Bedrooms

Total Bedrooms8
Unit 1 Beds Total3
Unit 2 Beds Total3
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 Ft2816
Unit 2 Sq Ft2816
Unit 3 Sq Ft2816
Unit 1 Levels1
Unit 2 Levels2
Unit 3 Levels3
UnitType1TotalRent2150
UnitType2TotalRent2200
UnitType3TotalRent1700
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipSee Remarks
Unit 2 Appl/EquipSee Remarks
Unit 3 Appl/EquipSee Remarks
BasementFull
Fuel TypeSee Remarks

Other Rooms

Unit 2 Rooms5
Unit 1 Rooms5
Unit 3 Rooms5
Unit 3 Room DescriptionSee Remarks
Unit 1 Room DescriptionSee Remarks
Unit 2 Room DescriptionSee Remarks
Unit 4 Room DescriptionSee Remarks

General for 794 Bergen Street

Architectural Style3-Three Story
CoolingSee Remarks
CountyEssex
Days on Market38
DirectionsPLEASE USE GPS
DriveOn-Street Parking, See Remarks
EasementNo
GarageSee Remarks
Gross Income
HeatingSee Remarks
Net Operating Income
NumberOfUnitsTotal3
Open Parking Spaces
Operating Expense
PossessionAT CLOSING
RoofAsphalt Shingle
SewerSee Remarks
Standard StatusActive
StatusActive
Tax Annual Amount8017
Tax Assessed Value214600
Tax Lot32
Tax Year2022
Total Rooms9
Town #1614
TownshipNewark City
UtilitiesSee Remarks
Water HeaterSee Remarks
Year Built1902
Zoningx

Exterior for 794 Bergen Street

Building Area Total2816
Exterior DescriptionAluminum Siding
Lot Dimensions2627
Water SourceSee Remarks

Additional Details

Price History

Derrick Sims

Associate
Price $759,999
MLS#3905487
List Date 05/31/2024
Property Type Multi-Family
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