Status   SOLD  
Ironbound section 4 family opportunity
389 Walnut Street, Newark, NJ, 07105-2759 United States
sold
$284,900
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MLS#2965840
List Date8/12/2012
TypeMultifamily
Style2 Story
School DistrictNewark
AreaIronbound
Units4
Bedrooms8
Bathrooms4
Lot Size.07
Age97
Parking0
Taxes$9,954.00
Tax Year2012
Buyer must check with the city for all concerns and issues as to use and zoning. This can be used for; residential, commercial or mixed purposes.
Interior Features Well planned layout lends to wonderful lifestyle for your tenants. Enter a central hallway with grand stairway open to second floor. A skylight helps light the way. All systems need to be redone as well as all interior areas with the exeption of windows and the roof. The basement is about 7' high with stucco walls and both an interior and exterior entry.
Exterior Features Aluminum over composite shingle needs to be replaced but windows and roof are new. Back yard is fenced for private use and can make for a great garden area. There is an entrance way both front and back for 2 ways in or out for all the units.
Additional Features and Amenities Though there is work to do here, this home seems to have good bones. Rents in the area run between $1,000 to $1,400/mo. depending on the quality of the finishing here. Ironbound is a great area for your investment.