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51 Myrtle Ave #3, Newark, NJ, 07107

8beds
3baths
0sqft
$775,000
--price/sqft
$6,041/moest. monthly cost
$241,640/yrincome needed

About This Home

Discover a rare, investment opportunity that blends modern updates with consistent cash flow. This renovated three-family home offers a "set it and forget it" appeal for seasoned investors or an ideal situation for a savvy house-hacker looking to offset their mortgage. Benefit from peace of mind with significant renovations completed within the last few years. The heavy lifting has been done for you. The property is currently occupied with reliable tenants. While the property provides steady income, two units are currently on month-to-month leases, offering the new owner maximum flexibility for market-rent adjustments or owner-occupancy.Situated in a vibrant Newark neighborhood, the home is conveniently located near public transportation, local shopping, and essential services. This is urban living at its most practical, catering to a high-demand rental market.

Getting Around

80
WalkingVery Walkable
69
TransitGood Transit
43
BikeSomewhat Bikeable

Schools

1/10
Barringer High SchoolGrades 9-120.7 mi
1/10
West Side High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1952

Materials

  • Roof: Flat
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Kitchen,Living Room

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614018900003000600000

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Exterior features: Curbs

Lot

  • Lot size: 2,178 sqft
  • Features: Irregular Lot
  • Lot size dimensions: 25 x 94

Parking

  • Parking features: None,On Street,On-Street Parking
  • Has uncovered spaces: Yes