Property
Newark City, NJ 07103 407 S 15Th St
$599,000
24 more
Presented By: EREALTY ADVISORS, INC.; 929-214-2120
Beds • 6- Baths • 3
- SQFT • 4,368
Beds • 6
Baths • 3
SQFT • 4,368Home Details
Incredible 2-Family Investment Opportunity in Newark! Discover your perfect property at 407 South 15th Street - a stunning two-family home that offers incredible potential and immediate income!Highlights: First Floor: Occupied tenant paying Rent Second Floor: Completely move-in ready Spacious basement with multiple potential uses Hardwood floors throughout entire Bulding Enclosed front porch adding charm and extra living space Massive driveway with parking for 4 vehiclesProperty Details:Turnkey investment opportunityImmediate rental incomeBeautifully maintainedPerfect for investors or owner-occupantsPrime Newark locationThis home isn't just a property - it's a smart financial opportunity! Whether you're looking to generate passive income or create your dream living space, this property checks all the boxes.Bonus Features: Flexible basement for additional living/storage/income potential Ample parking Move-in ready condition Solid rental incomePriced to sell! Don't miss this incredible Newark real estate gem. Schedule your showing today and turn your real estate dreams into reality!
Presented By: EREALTY ADVISORS, INC.; 929-214-2120
Interior Features for 407 S 15Th St
Bedrooms
Total Bedrooms6
Unit 1 Beds Total3
Unit 2 Beds Total3
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft1000
Unit 2 Sq Ft1000
Unit 1 Levels1
Unit 2 Levels2
UnitType1TotalRent2000
UnitType2TotalRent0
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbMDet, CookGas, RgOvGas, Refrig, SeeRem
Unit 2 Appl/EquipCarbMDet, CookGas, RgOvGas, Refrig, SeeRem
BasementFinished
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms6
Unit 1 Rooms5
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen, Kitchen, Living Room, Master Bedroom
Unit 2 Room DescriptionBedrooms, Dining Room, Kitchen, Porch, Master Bedroom
General for 407 S 15Th St
Architectural Style1-One Story
CoolingCentral Air
CountyEssex
DirectionsFrom downtown Newark, head south on key routesEasy navigation with clear street signageConvenient parking available
DriveAdditional Parking, Driveway-Shared
EasementUnknown
Farm AssessmentNo
Full Baths3
Gross Income24000
HeatingForced Hot Air
Home Warranty Y/NNo
Net Operating Income14500
Number Of Units Total2
Open Parking Spaces4
Operating Expense9500
Possessionexclusive agent
RoofAsphalt Shingle
ServicesCable TV Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount6290
Tax Assessed Value165400
Tax Lot35
Tax Year2024
Total Rooms10
Town #1614
TownshipNewark City
UtilitiesElectric, Gas In Street
Water HeaterGas
Year Built1930
Exterior for 407 S 15Th St
Building Area Total4368
Exterior DescriptionBrick
Lot Dimensions35X100
Lot Size Acres0.08
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate