59 Pennsylvania Avenue

Newark, NJ 07114

$399,000
Price
3
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 59 1/2 Pennsylvania Ave! This multi-use building is the perfect turn-key investment property. First unit features 2 bedrooms 1 bath, living room, eat-in kitchen, and use of backyard space. Second unit features 1 bedroom 1 bath, living room, eat-in kitchen, and use of backyard space. Along with the two units, on the lower level you will find a store front which can be excellent additional cash flow! Both units are tenant occupied, buyer is responsible for tenants, store front is VACANT....Welcome to 59 1/2 Pennsylvania Ave! This multi-use building is the perfect turn-key investment property. First unit features 2 bedrooms 1 bath, living room, eat-in kitchen, and use of backyard space. Second unit features 1 bedroom 1 bath, living room, eat-in kitchen, and use of backyard space. Along with the two units, on the lower level you will find a store front which can be excellent additional cash flow! Both units are tenant occupied, buyer is responsible for tenants, store front is VACANT. Near Newark up-and-coming historic downtown district, Prudential Center, Shopping Centers, Restaurants, Public Schools, Charter Schools, Newark Airport & much more!
  1. Listed by ARMANDO PINA • LIFESTYLE INTERNATIONAL REALTY

Property Details for 59 Pennsylvania Avenue

Directions
59 1/2 Pennsylvania Ave
Days On Market
0

Location

Listing Courtesy of LIFESTYLE INTERNATIONAL REALTY, ARMANDO PINA
Add your commute
LISTING UPDATED: 05/03/2024 02:17 PM

Property Details for 59 Pennsylvania Avenue

StatusActive
MLS #3899799
Days on Market16
Taxes$9,320 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1989
Lot Size0.03 AC / 1,306 SF
CountyEssex County

Location

Listing Courtesy of LIFESTYLE INTERNATIONAL REALTY, ARMANDO PINA
Add your commute

Building Information for 59 Pennsylvania Avenue

Stories-Residences2Year Built1989Building Size-Lot Size0.03 AC / 1,306 SF

Payment Calculator

$2,954 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,178

Property Taxes

$777

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 59 Pennsylvania Avenue

Summary
Location and General Information
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 2822
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 59.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Pennsylvania Ave
  • Zip Code: 07114-1924
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $9,320
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 250000.0
  • Tax ID For Property: 1614-02822-0000-00033-0000-
  • 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: On-Street Parking
Property
Lot Information
  • Lot Identifier: 33
  • Approximate Lot Size: 19.8X75.5
  • Total Acres: 0.03
  • Construction Date/Year Built: 1989
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 219400.0
  • Assessment Land: 30600.0
Utilities
  • Cooling: See Remarks
  • Utilities: See Remarks
  • Water: See Remarks
  • Heating: See Remarks
  • Fuel Type: See Remarks
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: See Remarks
Interior Features
  • Roof Description: See Remarks
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Ceiling Fan(s), See Remarks
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 900.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Ceiling Fan(s), See Remarks
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 850.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 59 Pennsylvania 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 59 Pennsylvania Avenue

Taxable ValueLand$30,600Additions$244,400Total$275,000
Tax Record2022$10,274 ($856 / month)
Home Facts
Lot Size1,507 SqFtStyleMiscellaneous CommercialYear Built2018CountyESSEXAPN14 02822-0000-00002

Schools near 59 Pennsylvania Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Quitman Street School
PublicPK to 8

American History High School
Public9 to 12

South Street Elementary School
PublicPK to 8

Oliver Street Elementary School
PublicPK to 8

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.

Similar Homes

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Similar Sold Homes

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59 Pennsylvania Avenue is a multi-family home for sale in Newark, NJ 07114. This property was listed for sale on May 2, 2024 by LIFESTYLE INTERNATIONAL REALTY, it's currently listed at $399,000. It has been on the market for a total of 16 days and was last sold on February 14, 2017. This listing's school district is The Newark Public School District. Nearby schools include Quitman Street School, American History High School and South Street Elementary School. 59 Pennsylvania Avenue is a 3-bed, 2-bath, multi-family home built in 1989.

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 LIFESTYLE INTERNATIONAL REALTY, ARMANDO PINA

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 05/19/2024 03:38 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.