118 Littleton Ave, Newark City, NJ 07103

$850,000
6
BD
4.1
BA

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List Price
$850,000
Days on Market
2
Status
ACTIVE
MLS#
4061966
Bedrooms
6
Bathrooms
4.1
Full Baths
4
Half Baths
1
Lot Size (Acres)
0.06
Year Built
2023

Property Description

Built in 2023, this striking contemporary 2-family home is an excellent opportunity for owner-occupants and investors, offering modern design, generous living space, strong rental income and approximately 2 years remaining on its 5-year tax abatement. Unit 1 offers 3 bedrooms, 2 full baths, living room, dining area and kitchen, plus direct interior access to the ground level with a spacious rec room, laundry hookups, utility room, garage and half bath. Unit 2 includes 3 bedrooms, 2 full baths, living room, dining area and kitchen. Both units feature wood and ceramic flooring, central air/heat, separate utilities and bright modern interiors. Both apartments are occupied month-to-month, with Unit 1 renting for $3,250/month and Unit 2 for $2,600/month, producing $5,850 in total monthly rent. Live in one unit while benefiting from rental income or add a newer multifamily to your investment portfolio. Assumable VA loan at 5.99% may be available to a qualified buyer, subject to lender/servicer and VA approval. Ask for details. While the property remains in near-new condition, listing photos were taken prior to current tenant occupancy and are intended to showcase the home's layout, finishes and features.

Additional Information

Area
Newark City
Subdivision
West Ward
Basement Desc
Finished, Walkout
Utilities
Electric, Gas-Natural
Taxes
$9,999
Subdivision
West Ward
Exterior
Brick, Stucco
Water
Public Water
Basement
Yes
Cooling
2 Units
Interior
Carbon Monoxide Detector, Cathedral Ceiling, Fire Extinguisher, High Ceilings, See Remarks, Smoke Detector, Walk-In Closet, Wood Floors
Roof
Asphalt Shingle
Show Address
Yes

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Listing Courtesy Of IDENTITY PROPERTIES, Contact: 833-443-3684

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