1. New Jersey
2. Newark City
3. 71 Hartford St

71 Hartford St, Newark City, NJ 07103

• 7 beds |
• 4 baths

Property Description

Exceptional Multi-Family w/Income Potential! New opportunity to own a spacious & well-maintained multi-family property w/significant income upside. Currently configured as a 2-family home, this property offers a full 1st floor unit with private entrance presenting strong potential to convert into a third income-producing unit (buyer to verify).Each of the 2 existing units features 3 bedrooms & 2 full bathrooms, including ensuite primary baths, generous kitchens, & HWFs throughout the LRs, DRs, & hallways. Recent updates include a vinyl privacy fence, poured concrete patio, & an above-ground pool perfect for outdoor entertaining. Major systems have been thoughtfully updated: HVAC units & water heaters are less than 2 years old, & the roof is approximately 4 years old. Unit 2 also features new carpeting. The shared laundry room includes a washer & dryer with additional hookups for a second set of appliances. The ground-level space currently used as a recreation room by Unit 1 via a spiral staircase has its own private entrance & .5 Bath & is primed for easy conversion into an additional unit with minimal adjustments. Unit 2 is currently rented below market value, offering potential for immediate increased returns. Whether you're an investor looking for strong rental income or an owner-occupant interested in offsetting your mortgage, this property offers flexibility, value, & long-term potential. Ideally located near shops, schools, parks, transit, museums, & Prudential Center.

Listing Status:

Active

Listing Office:

RE/MAX NEIGHBORHOOD PROPERTIES : 973-334-3341

MLS ID:

3978151

Interior

• A/C: 2 Units
• Heating: 2 UnitsGas-Natural

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of RE/MAX NEIGHBORHOOD PROPERTIES