746 748 Newark Avenue
Elizabeth, NJ 07208
- – beds
- – baths
- 3,499 sqft
- 4,948 sqft lot
- $230 per sqft
- 1926 build
More homes
This turnkey multi-family property with 9 bedrooms and 4 bathrooms is an excellent investment opportunity. The modern updates, including an expansion in 2017 to both 1st and 2dn floors larger kitchens with stainless steel appliances, quartz countertops, and custom cabinetry, as well as remodeled bathrooms on both 1st and 2nd floors, add significant value and appeal to potential tenants or buyers. The finished attic and partially finished basement with separate entrances provide added versatility and potential for additional rental income. Its prime location near transportation hubs like NJ Transit, bus at the corner, as well as its proximity to Newark Airport, make it extremely convenient for commuters Additionally, the ample parking space for up to 7 cars is a great asset in an urban setting. This property is a highly desirable option for both investors looking to expand their portfolio and owner-occupants seeking a comfortable living space with the potential for rental income to offset mortgage costs. NO MORE SHOWINGS - All offers due 6/6/24 by :12Noon
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Last updated Oct 17, 2024
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MLS# NJUN2000328 —
The Building
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Year Built:1926
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Year Built Source:Assessor
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Year Major Reno/Remodel:2017
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Roof:Shingle
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New Construction:No
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Construction Materials:Vinyl Siding, Asphalt
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Building Units Total:2
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Structure Type:Detached
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Architectural Style:Dwelling w/Separate Living Area
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Historic:No
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Accessibility Features:None
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Foundation Details:Other
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Basement:Yes
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Basement Type:Partially Finished
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Building Winterized:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:3132
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3499
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Living Area SqFt:3,499 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:FHA, Conventional, Cash
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Buyer Financing:FHA
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Possession:0-30 Days CD
Location
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Directions:Take 1&9 North to McClellen St. Then take McClellen to Frelinghuysen Ave. Turn left on to Newark Ave.
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Latitude:40.68034000
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Longitude:-74.20957000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.11
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Lot Size Source:Assessor
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Lot Size Dimensions:33.00 x 150.00
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Lot Dimensions Source:Assessor
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Lot SqFt:4,948 Sqft
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Exclusions:1st Floor Refrigerator No Washer No Dryer
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Zoning:RES
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (908) 499-0087
- Office phone:
- (609) 459-5100
Taxes
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Tax ID Number:04-00140-00016
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Tax Year:2024
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Tax Lot:00873
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Tax Annual Amount:$12,294
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Tax Assessed Value:$549,500
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Total Taxes Payment Frequency:Quarterly
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Ceiling Fan(s), Ductless/Mini-Split, Window Unit(s)
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Hot Water
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Heating Fuel:None
Utilities
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Utilities:Above Ground
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Sewer/Septic:Public Sewer
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Hot Water:60+ Gallon Tank
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Water Source:Public
Schools
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School District Name:Elizabeth Public Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Municipal Trash:Yes
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Transportation:Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
Parking
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Total Garage and Parking Spaces:6
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Garage:No
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Type of Parking:Driveway, Off Street
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Parking Features:Asphalt Driveway, Shared Driveway
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Driveway - # of Spaces:6
Extra Units
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# of Units:2
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Vacation Rental:No
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Units Furnished:None
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Three Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/31/24
Jul 31, 2024
|
Sold | BRIGHT | $805,000 | 19.3% |
6/17/24
Jun 17, 2024
|
Sold Subject To Contingencies | BRIGHT | $675,000 | |
6/10/24
Jun 10, 2024
|
Pending | BRIGHT | $675,000 |