236 Alexander St,Newark City, NJ 07106
Newark City, NJ 07106
Description
BACK TO MARKET. Great Turnkey Home or Investment Opportunity in Newark! Partially renovated in 2023, this versatile property features very low taxes and a multi-level layout designed for modern living or high rental income potential across three distinct levels.The first floor boasts a spacious, light-filled layout with 3 comfortable bedrooms and 1 full bathroom perfect for an owner's suite or primary rental unit. The private second floor features a 1-bedroom, 1-bath apartment ideal for extra rental income. The lower level offers an excellent bonus asset: a fully equipped studio space with its own private entrance, providing endless possibilities for a home office, gym, or guest suite.Inside, enjoy updates from the 2023 renovation, including refreshed flooring, contemporary fixtures, and updated kitchens and bathrooms. The exterior features are just as impressive. Say goodbye to street parking hassles with a rare, detached 2-car garage. The outdoor space is an entertainer's dream, featuring a private patio perfect for summer barbecues and a nice backyard for recreation, gardening, or pets.Conveniently located near major highways, public transit, shopping, and dining, this property is a rare find. With its low-overhead tax advantage, this home is a must-see whether you are looking to live in one unit and rent the others or add a high-performing asset to your portfolio! Lower level and First floor now vacant. 2nd floor (1 Bed) pays 1650 with a lease until June 2027.
Details
| MLS # | 4036260 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 1968 |
| Days On Site | 105 |
| Listing Provided By | KELLER WILLIAMS - NJ METRO GROUP | WILLIAM BARRAZA |
Features
| Bath(s) | 3 Total |
|---|---|
| Garage | 2 |
| Basement | Y |
Taxes
| Property | 5606 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07106 |
| Area | Essex |
| School District | WEST SIDE |
| Elementary School | SPEEDWAY |
| High School | WEST SIDE |
| Listing VS Median (in 07106) | |
Price: $599,000 low | high Med: $415,000 On site: 105 low | high Med: 15 | |
Market Activity 07106
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07106 |
| Area | Essex |
| School District | WEST SIDE |
| Elementary School | SPEEDWAY |
| High School | WEST SIDE |
| Listing VS Median (in 07106) | |
Price: $599,000 low | high Med: $415,000 On site: 105 low | high Med: 15 | |
