264 Lehigh Ave

Newark City, NJ
$ 475,000 Beds 10 Baths 3
Monthly Estimate* How much can I afford?

Amazing opportunity for an owner or investor to acquire 4 income producing multi-family properties in one of the fastest growing areas of Newark & Irvington. See portfolio: 3679225, 3679213, 3679245. Potential to be sold separately or as a package comprising 13 units. Renovated and fully occupied. All Tenants month to month. Separate Utilities. Off-Street parking for 4 cars. Ability to install coin-operated laundry to increase NOI. Conveniently located near Weequahic Park, Beth Israel Hospital, shopping, and public transportation. Whether you are a first time home buyer interested in living in one unit (individual units can be delivered vacant) and collecting passive income or you are a seasoned investor looking to add to your portfolio this property has it all. Individual Cap Rate 12% Combined Cap Rate 9.2%.

Multi-Family

  • Price
  • $ 475,000
  • Lot Size
  • 3,485 SqFt
  • Bedrooms
  • 10
  • Full Bathrooms
  • 3
  • Year Built
  • 1925
  • Half Bathrooms
  • 0
  • City, Zip
  • Newark City
  • Taxes
  • 6235
  • County
  • ESSEX
  • Style
  • 3-Three Story
  • Area
  • Newark City
  • MLS#
  • 3679235
  • Zip
  • 07112
Listing Provided by: COLDWELL BANKER REALTY

Features

General

Architectural Style 3-Three Story
Cooling 3 Units, Central Air
Drive See Remarks
Heating 3 Units, Forced Hot Air
Open Parking Spaces 4
Roof See Remarks
Sewer Public Sewer
Tax Annual Amount 6235
Total Units 3
Town # 1614
Township Newark City
Utilities Gas-Natural
Water Heater Gas

Interior Features

Basement Full
Fuel Type Gas-Natural
Unit 1 Appl/equip See Remarks
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 1 Handicap Modified No
Unit 1 Levels 1
Unit 1 Room Description Bedrooms, Kitchen, Living/Dining Room, See Remarks
Unit 1 Rooms 7
Unit 2 Appl/equip See Remarks
Unit 2 Baths Total 1.0
Unit 2 Beds Total 4
Unit 2 Handicap Modified No
Unit 2 Levels 1
Unit 2 Room Description Bedrooms, Kitchen, Living/Dining Room, See Remarks
Unit 2 Rooms 8
Unit 3 Appl/equip See Remarks
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Unit 3 Handicap Modified No
Unit 3 Levels 1
Unit 3 Room Description Bedrooms, Kitchen, Living/Dining Room, See Remarks
Unit 3 Rooms 6
Unit 4 Appl/equip See Remarks
Unittype1totalrent 1600
Unittype2totalrent 1700
Unittype3totalrent 1700

Exterior Features

Exterior Description Vinyl Siding
Lot Dimensions 33X100
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Morristown, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

11/18/2020 Listed $475,000

Property vs Zip Code Average in 07112

Price
AVG $400K
$480K
Taxes
AVG $6,606
$6,235
Visits
AVG 64
8
Year Built
AVG 1953
1925
Walkscore
AVG 73
83
Data Provided by Walkscore ® not using MLS data

Map

264 Lehigh Ave Newark City, NJ is a Single Family Home for sale at $475000 and a lot size of 3,485 SqFt Acre(s). 264 Lehigh Ave Newark City has 10 bedrooms, 3 baths and was built in 1925. The property's zip code is 07112 which is in Newark City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.