196 Fairmount Avenue

Newark, NJ 07103

$625,000
Price
9
Beds
3
Baths
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This 3 unit multi-family home offers investors a prime opportunity. Each unit boasts 3 bedrooms and 1.5 bathrooms. Recently updated. Modern interiors feature sleek finishes and an open layout for comfort and convenience. Easy access to major highways, commuting is a breeze. Don't miss out on this lucrative investment in a thriving community. Property Being Sold As is. Buyer to obtain CO & Fire and Smoke Cert. Call for all apptsThis 3 unit multi-family home offers investors a prime opportunity. Each unit boasts 3 bedrooms and 1.5 bathrooms. Recently updated. Modern interiors feature sleek finishes and an open layout for comfort and convenience. Easy access to major highways, commuting is a breeze. Don't miss out on this lucrative investment in a thriving community. Property Being Sold As is. Buyer to obtain CO & Fire and Smoke Cert. Call for all appts
  1. Listed by DAVID ANTHONY GIRON • EXP REALTY, LLC

Property Details for 196 Fairmount Avenue

Directions
In between 13th Ave and Rt 510
Days On Market
8

Location

Listing Courtesy of EXP REALTY, LLC, DAVID ANTHONY GIRON
Add your commute
LISTING UPDATED: 05/21/2024 10:59 AM

Property Details for 196 Fairmount Avenue

StatusActive
MLS #3901441
Days on Market20
Taxes$9,845 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built-
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Location

Listing Courtesy of EXP REALTY, LLC, DAVID ANTHONY GIRON
Add your commute

Building Information for 196 Fairmount Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$4,231 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,411

Property Taxes

$820

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 196 Fairmount Avenue

Summary
Location and General Information
  • Active Days on Market: 8
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 262
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 196.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Fairmount Ave
  • Zip Code: 07103-2455
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $9,845
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 264100.0
  • Tax ID For Property: 1614-00262-0000-00017-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: See Remarks
Property
Lot Information
  • Lot Identifier: 17
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
Property and Assessments
  • Assessment Bldg: 237800.0
  • Assessment Land: 26300.0
Utilities
  • Cooling: 3 Units, Central Air
  • Heating: 3 Units, Forced Hot Air
  • Fuel Type: Gas-Natural
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Kitchen Exhaust Fan, See Remarks
  • Unit 1 Baths: 1.5
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 2400.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Family Room, Living Room, Master Bedroom, See Remarks
  • Unit 1 Rooms: 7.0
  • Unit 1 Security Deposit: 3300.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: See Remarks
  • Unit 2 Baths: 1.5
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 05-01-2025
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 2000.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Family Room, Living Room, Master Bedroom, See Remarks
  • Unit 2 Rooms: 7.0
  • Unit 2 Security Deposit: 1500.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: See Remarks
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 3.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
  • Unit 3 Rooms: 6.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $11,111.00
  • Net Operating Income: $11,111.00
  • Gross Operating Income: $11,111.00

Property History for 196 Fairmount Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 196 Fairmount Avenue

Taxable ValueLand$26,300Additions$237,800Total$264,100
Tax Record2022$9,867 ($822 / month)
Home Facts
Beds0Total Finished SqFt2,861 SqFtAbove Grade Finished SqFt2,861 SqFtStories3Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1877CountyESSEXAPN14 00262-0000-00017

Schools near 196 Fairmount Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - PK to 8
Public - 10 to 12
Public - PK to 7
Rating
School
Distance
Sir Isaac Newton Elementary School
PublicPK to 1

Camden Street Elementary School
PublicPK to 8

Uplift Academy
Public10 to 12

Harriet Tubman Elementary School
PublicPK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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196 Fairmount Avenue is a multi-family home for sale in Newark, NJ 07103. This property was listed for sale on May 13, 2024 by EXP REALTY, LLC, it's currently listed at $625,000. It has been on the market for a total of 20 days and was last sold on March 16, 2023. This listing's school district is The Newark Public School District. Nearby schools include Sir Isaac Newton Elementary School, Camden Street Elementary School and Uplift Academy. 196 Fairmount Avenue is a 9-bed, 4-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY, LLC, DAVID ANTHONY GIRON

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 06/02/2024 05:31 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.