236 Alexander St, Newark City, NJ 07106

$599,000
5
BD
3
BA

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List Price
$599,000
MLS#
4036260
Dom
14
Year Built
1968
Status
ACTIVE
County
Essex
City
Newark City
Bedrooms
5
Bathrooms
3
Baths Full
3
Acres
0.07

Property Description

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!

Additional Information

Taxes
$5,606
Cooling
See Remarks, Window A/C(s)
Exterior
Vinyl Siding
Garage Spaces
2
Garage Description
Built-In Garage
Heating
2 Units
Roof
Asphalt Shingle
Elementary School
SPEEDWAY
Middle School
SPEEDWAY
High School
WEST SIDE
Sewer
Public Sewer
Water
Public Water
Basement
Yes
Lot Description
Level Lot
Exterior Features
Sidewalk
Garage Description
Built-In Garage

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Listing Courtesy Of KELLER WILLIAMS - NJ METRO GROUP, Contact: 973-783-7400

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