7 Patten Pl, Newark City NJ 07112-1615

$1,099,000
Active
Newark City
Bedrooms
9

About this home

Opportunity is knocking!!! An ideal investment for your portfolio, this turnkey multifamily property features 4 units - three 2 bedroom/1 bath apartments and a 3 bedroom/1 bath apartment. All units are currently tenant-occupied, providing an instant rental stream. Throughout the property you'll find some features like modern wood-looking flooring, fresh paint, updated bathrooms, and modern kitchens complete with white cabinetry, subway tile, and stainless steel appliances. The unfinished basement has high ceilings, offering future opportunity to maximize the space. Utilities are separate, including forced air heating and hot water heaters. Outside, you'll find a long concrete driveway leading to a rear parking lot. The home also has garage spaces for parking. Centrally located to schools, playgrounds, shops, public transportation, and major highways. Book your showing today!

Taxes & fees

Annual property tax
$15,752
Tax year
2025
Tax rate
3.999

Property details

Year Built
0
Roof (*text)
Flat
Lot Size Area
0.11
MLS #
4044619

Features & amenities

Year Built (*numeric)
0
Basement
Yes
Roofing (*text)
Flat
Days on market
14
Basement (*text)
Yes
Cooling (*text)
4+ Units, Central Air
Garage spaces
2
Heating
4+ Units
Lot dimensions
50X100
Property Location

40.71746, -74.2102

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
Contact the agent