Property
Newark City, NJ 07103 490 S 20Th St
$650,000
8 more
Presented By: LIFESTYLE INTERNATIONAL REALTY; 973-493-4161
Beds • 5
Baths • 2
Home Details
Welcome to 490 S. 20th St., Newark on West Side in redevelopment area"a fully renovated 2-family investment opportunity offering strong rental income and long-term upside. Both units feature spacious 2-bedroom/1-bath layouts, with the second-floor unit including an extra office or nursery. Extensive upgrades include brand-new kitchens and bathrooms, a new roof, new plumbing, 2 new water heaters, and a new furnace. Separate utilities for convenience. Estimated rental income delivers immediate cash flow. Bonus: full-height basement with expansion potential. Perfect for investors or savvy buyers seeking a turnkey multi-unit property with strong cap rate and future upside. Located close to parks, shopping, and public transportation. Being Sold Asi-Is. CO and Fire Certs done.
Presented By: LIFESTYLE INTERNATIONAL REALTY; 973-493-4161
Interior Features for 490 S 20Th St
Bedrooms
Total Bedrooms5
Unit 1 Beds Total2
Unit 2 Beds Total3
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft913
Unit 2 Sq Ft913
Unit 1 Levels1
Unit 2 Levels1
UnitType1TotalRent0
UnitType2TotalRent0
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
BasementFull, Unfinished, Walkout
Fuel TypeGas-Natural
Interior AmenitiesBlinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms4
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen, Living Room, Pantry
Unit 2 Room DescriptionBedrooms, Den, Eat-In Kitchen, Living Room, Pantry
General for 490 S 20Th St
Architectural Style2-Two Story
CoolingWall A/C Unit(s)
CountyEssex
DirectionsFrom Grove St to 15th Ave
DriveDriveway-Shared, Off-Street Parking
EasementUnknown
Full Baths2
GarageSee Remarks
Gross Income
HeatingRadiators - Steam
High SchoolTECHNOLOGY
Net Operating Income
Number Of Units Total2
Open Parking Spaces2
Operating Expense0
Possessionimmediately
RoofAsphalt Shingle, Flat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount4932
Tax Assessed Value129700
Tax Lot39
Tax Year2024
Total Rooms9
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Year Built1924
Exterior for 490 S 20Th St
Exterior DescriptionSee Remarks, Vinyl Siding, Wood
Lot Dimensions31.3X100
Lot Size Acres0.07
Water SourcePublic Water
Additional Details
Price History
Schools
High School
Technology High School
Middle School
N/A
Elementary School
N/A
Tina Torres
Broker/Owner