275 Schley St

275 Schley St, Newark, NJ

$275,000

5 Beds

3 Baths

3 full

2 SqFt

2 Family Investment Property. 5 Bedrooms & 3 Bathrooms in total. Unit1 = (2Brs x 1 Bth) Unit 2 = (3Brs x 2Bths). Basement is full length of property. Property needs a new roof and work but not necessarily a total gut. Utilities are separated. Layout is as follows: Unit 1: Kitchen flows into separate living and dining room plus bonus room suitable for office space. The 2 bedrooms are oversized and come with lots of closet space. Unit 2 has a similar layout to unit 1. However, Unit 2 has a walk-up attic which contains the 3rd bedroom with its own bathroom. Property comes with 2 garage spaces and parking for at least 5 cars. Currently there are 2 tenants. Unit 2 tenant was given eviction notice. Property is sold "As is Condition financing must be cash or hard money. No exceptions. Potential market rents are Unit 1= $1,800 / Unit 2 = $2,500 (Annual potential rent roll is $51,600 and taxes are $5,700).

Property Details

Property Type Residential
Mls # 3870619
LotSize 3484.8 sqft
Property Subtype Multi Family
Basement Yes, Full, Unfinished
Utilities Electricity Connected, Natural Gas Connected
Appliances Gas Water Heater
Heating 2 Units, Natural Gas
Heating Fuel 2 Units
Gas Gas-Natural
Stories 3
Levels 3-Three Story
Security Carbon Monoxide Detector(s), Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Roof Asphalt Shingle
Number of Garage Spaces 2
Number of Covered Spaces 2
Open Parking Spaces 1
Parking Spaces 5
Parking 1 Car Width, Asphalt, Detached Garage
Sewer Public Sewer
Construction Materials Aluminum Siding
Parcel Number 1614037320000000390000
City Newark City
Building Area 2 Square Feet
Tenant Pays Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

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Marvin Williams
Marvin Williams
Realtor
Coldwell Banker Realty
  • Phone: 9084228621
  • Office : 973-378-2285
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Reviews

zillow review

In February 2020, when we were preparing our home for the market the pandemic hit us. We were downsizing our home and hoping to buy a townhouse in Bridgewater. We became concerned that it was the...

Read more 03/28/2021 - t daley2
zillow review

We worked with Marvin to sell an investment property in Elizabeth. NJ. There were touchy situations with tenants that Marvin did not need to involve himself in, but he did and was a huge asset in...

Read more 03/03/2021 - Toby 2007
zillow review

What can I say, we could not have done it without Marvin. As a resident of Hillside for a number of years my husband and I made the decision to relocate to South Carolina. From the get-go Marvin...

Read more 01/23/2021 - gthu93
zillow review

Marvin was a pleasure to work with and his responsiveness, neighborhood knowledge, real estate experience made a difference in finding a perfect rental home in Union NJ. He listens well and paid...

Read more 11/30/2020 - zuser20161123195612941
zillow review

Marvin demonstrated he had the heart and hustle to get us a great deal on the sale of our home in Union Township NJ. I appreciated his level of optimism and his positive outlook despite operating in...

Read more 11/06/2020 - alsg2211
zillow review

In April of 2019 I wanted to sell my home. I had interviewed other realtors before I met Marvin Williams from Coldwell Banker. I was impressed with his presentation, knowledge and drive, so I...

Read more 11/08/2019 - jtdealst
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