Property

Newark City, NJ 07106 121 Smith St # 4

121 Smith St # 4 Newark City, NJ - Image 1121 Smith St # 4 Newark City, NJ - Image 2121 Smith St # 4 Newark City, NJ - Image 3
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121 Smith St # 4 Newark City, NJ - Image 4121 Smith St # 4 Newark City, NJ - Image 5121 Smith St # 4 Newark City, NJ - Image 6121 Smith St # 4 Newark City, NJ - Image 7121 Smith St # 4 Newark City, NJ - Image 8121 Smith St # 4 Newark City, NJ - Image 9
Presented By: BHHS JORDAN BARIS REALTY; 973-736-1600
  • MLS# 3932235
  • 10/31/2024
  • Request Tour
  • Request Info
  • Beds • 10
  • Baths • 4

Home Details

Prime Investment Opportunity This income-producing fourplex is ready for immediate occupancy, ideal for the savvy investor and buyers looking to offset expenses with rental income. Located minutes from Seton Hall University, this property offers convenience and rental appeal. Each spacious unit features an oversized kitchen, 2 or 3 bedrooms, a dedicated dining area, and ample closets, ensuring comfort and functionality for tenants. The shared spaces are well-designed, with a private fenced backyard that includes a generous deck perfect for outdoor gatherings. Additionally, a private driveway offering ample off-street parking for tenants and visitors. Separate utilities in the partially finished basement, accessible through a private above-ground entrance, opens possibilities for additional creative uses. The basement adds valuable square footage and functionality to the property without compromising tenant privacy. This fourplex is ideally situated close to South Orange's charming downtown area, known for its array of dining, shopping, and entertainment options. Public transportation is easily accessible, with bus lines and the South Orange Train Station nearby, offering convenient commutes to New York City and other neighboring towns. Quick access to major highways adds to the appeal, attracting tenants who value both suburban charm and urban accessibility. Don't miss out on this outstanding investment opportunity with strong income potential in a sought-after location
Presented By: BHHS JORDAN BARIS REALTY; 973-736-1600

Interior Features for 121 Smith St # 4

Bedrooms

Total Bedrooms10
Unit 1 Beds Total2
Unit 2 Beds Total3
Unit 3 Beds Total2
Unit 4 Beds Total2

Bathrooms

Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0

Other Interior Features

Unit 1 Sq Ft1100
Unit 2 Sq Ft1200
Unit 3 Sq Ft1000
Unit 4 Sq Ft1000
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
Unit 4 Levels1
UnitType1TotalRent1800
UnitType2TotalRent2000
UnitType3TotalRent1042
Unit 4 Fireplaces0
Unit 4 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
Unit 3 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, See Remarks, Smoke Detector
BasementFinished-Partially, Full, Walkout
Fuel TypeGas-Natural

Other Rooms

Unit 4 Rooms5
Unit 2 Rooms5
Unit 1 Rooms5
Unit 3 Rooms5
Unit 3 Room DescriptionBedrooms, Eat-In Kitchen, Living Room
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Living Room
Unit 4 Room DescriptionBedrooms, Eat-In Kitchen, Living Room

General for 121 Smith St # 4

Architectural StyleFourplex
Building #1
CoolingWindow A/C(s)
CountyEssex
DirectionsTremont Avenue to Smith Street
Drive1 Car Width
EasementNo
Elementary SchoolVAILSBURG
Exterior FeaturesDeck, Storm Door(s), Storm Window(s)
Farm AssessmentNo
Full Baths4
GarageOn Site
Garage Spaces
Gross Income
Heating4+ Units, Radiators - Steam
High SchoolSCIENCE
Home Warranty Y/NNo
Interior FeaturesCarbon Monoxide Detector, Smoke Detector
Middle/Junior High SchoolSCIENCE
Net Operating Income
NumberOfUnitsTotal4
Open Parking Spaces4
Operating Expense0
PossessionAT Closing
RoofAsphalt Shingle
ServicesCable TV Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameVailsburg
Tax Annual Amount11851
Tax Assessed Value317900
Tax Lot53
Tax Year2023
Total Rooms20
Town #1614
TownshipNewark City
Unit Number4
UtilitiesElectric, Gas-Natural
Water HeaterGas
Year Built1950
ZoningResidential

Exterior for 121 Smith St # 4

Exterior DescriptionVinyl Siding
Lot Dimensions50X100
Lot FeaturesLevel Lot
Lot Size Acres0.11
Water SourcePublic Water

Additional Details

Price History

Schools

High School Science High School
Middle School Science Middle School
Elementary School Vailsburg Elementary School

Karina Gil

Associate
Price $799,000
MLS#3932235
List Date 10/31/2024
Property Type Multi-Family
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