- Multi-Family Residential
- Active
- 1 month ago
116 Mapes Ave
Newark City NJ 07112
$699,000
35X100
Description
Investor alert! Welcome to 116 Mapes Ave, Newark, NJ ? a fantastic opportunity to own a solid 3-unit multi-family property in a thriving neighborhood. This well-maintained building offers strong income potential and immediate upside.The second and third-floor units have been tastefully updated, providing modern finishes that will appeal to today's renters. The first-floor unit is currently tenant-occupied, generating steady income, while the second floor is owner-occupied, and the third floor is vacant and move-in ready?perfect for rental or additional flexibility.Whether you're looking to expand your real estate portfolio or jump into house-hacking, this property offers versatility and future growth. Don?t miss out on this chance to invest in a vibrant area of Newark that continues to show strong demand.
Facts and Features
Type
Multi-Family Residential
Year Built
2024
Heating
Gas-Natural
SQFT
35X100
Bedrooms
6
bathrooms
4.00
GARAGE
0
Status
Active
Interior Features
- Basement Description
- Finished
- Basement
- Yes
- Total # Full Baths
- 4
- Total # Baths
- 4.00
- # Bedrooms
- 6
- Cooling
- Ceiling Fan, Window A/C(s)
- Heating
- Baseboard - Cast Iron
- Fuel Type
- Gas-Natural
- Interior Features
- Carbon Monoxide Detector, Fire Extinguisher, Stain Glass Windows
- Status
- Active
- Total # Rooms
- 10
- Unit 1 Appl/Equip
- Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Smoke Detector
- Unit 1 Baths
- 1.0
- Unit 1 Bedrooms
- 2
- Unit 1 Handicap Modified
- No
- Unit 1 Levels
- 1
- Unit 1 Owner/Tenant Pays
- Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
- Unit 1 Room Description
- Bedrooms, Den, Dining Room, Kitchen, Living Room
- Unit 1 Rooms
- 4
- Unit 2 Appl/Equip
- Carbon Monoxide Detector, Range/Oven - Gas
- Unit 2 Baths
- 1.0
- Unit 2 Bedrooms
- 2
- Unit 2 Handicap Modified
- No
- Unit 2 Levels
- 2
- Unit 2 Owner/Tenant Pays
- Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
- Unit 2 Room Description
- Bedrooms, Dining Room, Kitchen, Living Room
- Unit 2 Rooms
- 4
- Unit 3 Appl/Equip
- Smoke Detector
- Unit 3 Baths
- 1.0
- Unit 3 Bedrooms
- 1
- Unit 3 Handicap Modified
- No
- Unit 3 Lease Expiration
- 2025-06-20
- Unit 3 Levels
- 3
- Unit 3 Owner/Tenant Pays
- Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
- Unit 3 Room Description
- Bedrooms, Kitchen, Living/Dining Room
- Unit 3 Rooms
- 3
- Unit 4 Handicap Modified
- No
- Unit #
- 3
- Unit Style
- 3-Three Story
- Water Heater
- Gas
Exterior Features
- Total Acres
- 0.08
- Parking/Driveway Description
- 1 Car Width
- Easement
- No
- Exclusions
- Personal items, Washer and Dryer and Fridge on second floor
- Exterior Description
- Vinyl Siding
- Garage Description
- See Remarks
- Approximate Lot Size
- 35X100
- # Parking Spaces
- 2
- Roof Description
- Asphalt Shingle
- Services
- Cable TV Available
- Sewer
- Public Sewer
- Total # Units
- 3
- Utilities
- Electric, Gas-Natural
- Water
- Public Water
- Construction Date/Year Built
- 1922
- Construction Date/Year Built Des
- Approximate