323 1/2 Jefferson Street
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323 1/2 Jefferson Street
2 Unit Apartment Building $921,540 CAD ($460,770 CAD/Unit) Newark, NJ 07105
Investment Highlights
- A hidden gem! This property provides close access to dining venues, and close proximity to major highways in the Ironbound.
- Beautiful backyard w/ entertainment area, kids pool, and a Forno- Wood burning BBQ! Come see all this home has to offer.
- 2 Family home with updates. Owner Occupied home and well maintained. Live in one and rent the other.
Executive Summary
Situated in the Ironbound of Newark, this meticulously maintained residence epitomizes a perfect blend of comfort and convenience.A hidden gem with an unassuming exterior. The property provides close access to transportation, dining venues, and also enjoy close proximity to major highways and transportation to NY. The backyard serves as a private sanctuary, complete with 2 generously sized sheds for storage and a charming wood-burning barbecue oven (forno). A tandem garage with high ceilings accommodates two cars, (plenty of off street parking as well) or can provide ample storage space, further enhancing the functionality and convenience of the property.This home has been thoughtfully updated with new baseboards, gutters, a garage door, and new hot water heaters with warranty. Ensuring a modern and well-maintained interior and exterior. The renovated bathrooms on both the first and second floors have a contemporary style and contribute to an overall refreshed aesthetic throughout the residence. The backyard, has a meticulously designed border wall and brand new concrete pavers creating a tranquil outdoor oasis perfect for relaxation and entertainment.The basement, accessible from both the yard and the second-floor unit, features a half bathroom, laundry area, and storage space in the backyard. Catering to various needs and preferences. 2 Sump Pumps in Basement(not in flood zone). Currently owner-occupied The property accommodates the owner on the second floor and family members on the first floor, with both parties agreeing to a minimum post-closing stay of 4 months, with rent being paid during this period.This home offers a welcoming and beautiful living environment with endless possibilities.
Property Facts In Escrow
Price | $921,540 CAD | Building Class | C |
Price Per Unit | $460,770 CAD | Lot Size | 0.05 AC |
Sale Type | Investment | Building Size | 2,420 SF |
No. Units | 2 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1910 |
Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
Apartment Style | Low Rise | Opportunity Zone |
Yes
|
Price | $921,540 CAD |
Price Per Unit | $460,770 CAD |
Sale Type | Investment |
No. Units | 2 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.05 AC |
Building Size | 2,420 SF |
No. Stories | 2 |
Year Built | 1910 |
Parking Ratio | 0.83/1,000 SF |
Opportunity Zone |
Yes |
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Walk Score ®
Very Walkable (86)
zoning
Zoning Code | MX 1/2 (This is a MX 1/2 zone both residential/commercial.) |
MX 1/2 (This is a MX 1/2 zone both residential/commercial.) |
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323 1/2 Jefferson Street
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