83 Magnolia St, Newark City, NJ 07108

3 beds |
1 bath |
1,516 sqft

Single-Family Home
Built in 1997
2,614sqft lot
1 car garage
$204/sqft
Listed 18 days ago

Property Description

Investor Alert! This 28-year-old single-family townhouse is a rare opportunity. It generates $18,720 in annual rental income and has had a reliable tenant in place since 2018. Offering 1,500 sq ft of living space, this home features 3 bedrooms, 1.5 bathrooms, a 1-car garage, and a private driveway. Enjoy the comfort of central air and heat, a spacious backyard, and low annual taxes of just $4,613.Whether you're a seasoned investor or just getting started, this property is a solid addition to any portfolio. With stable cash flow and minimal upkeep, it's a no-brainer!

Listing Status:: Active
Listing Office:: AMERICAN REALTY SERVICES GROUP : 973-258-0888
MLS ID:: 3961789

Kitchen: Eat-In Kitchen
Appliances: See Remarks
Basement: Slab
A/C: Central Air
Heating: Forced Hot AirGas-Natural
Fireplace: Fireplaces: 0

This listing courtesy of AMERICAN REALTY SERVICES GROUP

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Cleveland Elementary School

388 Bergen St, Newark, NJ, 07103

Grades PK-8

0.14 miles away

Cleveland Elementary School

388 Bergen St, Newark, NJ, 07103

Grades PK-8

0.14 miles away

Central High School

250 18th Ave, Newark, NJ, 07108

Grades 9-12

0.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.