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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.

Attachments

Flyer

Property Facts In Escrow

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
Walk Score ®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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.)
  • Listing ID: 32986718

  • Date on Market: 2024-08-28

  • Last Updated:

  • Address: 323 1/2 Jefferson Street, Newark, NJ 07105

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