Property
Newark City, NJ 07103 196 Sussex Ave
$650,000
15 more
Presented By: KELLER WILLIAMS - NJ METRO GROUP
Beds • 7- Full/Half Baths • 3 / 1
Beds • 7
Full/Half Baths • 3 / 1Home Details
Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won't want to miss!
Presented By: KELLER WILLIAMS - NJ METRO GROUP
Interior Features for 196 Sussex Ave
Bedrooms
Total Bedrooms7
Unit 1 Beds Total3
Unit 2 Beds Total3
Unit 3 Beds Total3
Bathrooms
Half Baths1
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 1 Levels1
Unit 2 Levels2
Unit 3 Levels3
UnitType1TotalRent1500
UnitType2TotalRent0
UnitType3TotalRent900
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
BasementFinished-Partially
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms7
Unit 1 Rooms17
Unit 3 Rooms7
Unit 3 Room DescriptionBedrooms, Living/Dining Room
Unit 1 Room DescriptionBedrooms, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Living/Dining Room
General for 196 Sussex Ave
Architectural StyleSee Remarks
CoolingWindow A/C(s)
CountyEssex
DirectionsGoogle Maps
DriveNone
EasementNo
Full Baths3
GarageNone
Garage Spaces
Gross Income
HeatingBaseboard - Hotwater
Net Operating Income
Number Of Units Total3
Open Parking Spaces
Operating Expense0
PossessionAt the closing
RoofSee Remarks
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount5566
Tax Assessed Value139200
Tax Lot6
Tax Year2025
Total Rooms13
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Year Built1887
Exterior for 196 Sussex Ave
Exterior DescriptionVinyl Siding
Lot Dimensions27X113.5
Lot Size Acres0.07
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner