NJ
Essex
Newark City
07103
71 Hartford St
71 Hartford St, Newark City, NJ 07103
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Listing Type
Multi Family
Listing Status
under contract
32
$747,000

Home Details for 71 Hartford St

Price
$747,000
Type
Residential Income
Bedrooms
7
Bathrooms
5.0
Square feet
29997
Year built
2001
Lot size acres
0.07
County
Essex
Total rooms
14
Garage
1
Days on site
95
MLS Listing#
3978151
Property Description

Exceptional Multi-Family w/Income Potential! New opportunity to own a spacious & well-maintained multi-family property w/significant income upside. Currently configured as a 2-family home, this property offers a full 1st floor unit with private entrance presenting strong potential to convert into a third income-producing unit (buyer to verify).Each of the 2 existing units features 3 bedrooms & 2 full bathrooms, including ensuite primary baths, generous kitchens, & HWFs throughout the LRs, DRs, & hallways. Recent updates include a vinyl privacy fence, poured concrete patio, & an above-ground pool perfect for outdoor entertaining. Major systems have been thoughtfully updated: HVAC units & water heaters are less than 2 years old, & the roof is approximately 4 years old. Unit 2 also features new carpeting. The shared laundry room includes a washer & dryer with additional hookups for a second set of appliances. The ground-level space currently used as a recreation room by Unit 1 via a spiral staircase has its own private entrance & .5 Bath & is primed for easy conversion into an additional unit with minimal adjustments. Unit 2 is currently rented below market value, offering potential for immediate increased returns. Whether you're an investor looking for strong rental income or an owner-occupant interested in offsetting your mortgage, this property offers flexibility, value, & long-term potential. Ideally located near shops, schools, parks, transit, museums, & Prudential Center.

Property Features
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Garage
    • 1
  • Parking
    • Attached
Listing Courtesy: RE/MAX NEIGHBORHOOD PROPERTIES - 973-334-3341
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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