83 Magnolia St
Newark City, NJ 07108
Price: $309,900
GSMLS: 3961789Type: Single Family
Style: Colonial
Beds: 3
Baths: 1 Full & 1 Half
Garage: 1-Car
Year Built: 1997
Acres: 0.06
Property Tax: $4,613
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!
Rooms Sizes
Kitchen:
n/a
Dining Room:
n/a
Living Room:
n/a
Family Room:
n/a
Den:
n/a
Bedroom 1:
n/a
Bedroom 2:
n/a
Bedroom 3:
n/a
Bedroom 4:
n/a
Room Levels
Basement:
n/a
Ground:
n/a
Level 1:
Dining Room, Kitchen, Living Room
Level 2:
3 Bedrooms
Level 3:
n/a
Level Other:
n/a
Room Features
Kitchen:
Eat-In Kitchen
Dining Room:
n/a
Master Bedroom:
n/a
Bath:
n/a
Interior Features
Square Foot:
1,516
Year Renovated:
n/a
Basement:
No - Slab
Full Baths:
1
Half Baths:
1
Appliances:
See Remarks
Flooring:
n/a
Fireplaces:
No
Fireplace:
n/a
Interior:
n/a
Exterior Features
Garage Space:
1-Car
Garage:
Attached Garage
Driveway:
1 Car Width
Roof:
Asphalt Shingle
Exterior:
Composition Shingle, Vinyl Siding
Swimming Pool:
n/a
Pool:
n/a
Utilities
Heating System:
Forced Hot Air
Heating Source:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Services:
n/a
Lot Features
Acres:
0.06
Lot Dimensions:
n/a
Lot Features:
n/a
School Information
Elementary:
CLEVELAND
Middle:
CLEVELAND
High School:
CENTRAL
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Application Fee:
n/a
Association Fee:
n/a
Fee Includes:
n/a
Amenities:
n/a
Pets:
n/a
Financial Considerations
List Price:
$309,900
Tax Amount:
$4,613
Land Assessment:
$36,300
Build. Assessment:
$85,000
Total Assessment:
$121,300
Tax Rate:
3.80
Tax Year:
2024
Ownership Type:
Fee Simple
Listing Information
MLS ID:
3961789
List Date:
05-08-2025
Days On Market:
0
Listing Broker:
AMERICAN REALTY SERVICES GROUP
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: WillowWalkCondos.com
