• 40 Silver St Newark, New Jersey 07106

  • $599,900
  • 8
    Bed(s)
  • 3
    Baths
  • 3,000
    Sq Ft
  • 0.04
    Acre

This is a very rare find: a very large, VACANT 2 family home in the desirable Vailsburg section of Newark! The great layout, plenty of big windows, and tall ceilings are just some of the unique details of this home. Unit 1 includes living / dining room, renovated kitchen with new cabinets, appliances, and quartz countertop. The 2nd floor is a giant 2 floor duplex unit that includes not only the same expansive living / dining and kitchen layout as the first floor, but also offers 5 bedrooms and 2 full renovated baths. The basement is cleaned and painted and has multiple laundry hookups ready to go. Other updates include new plumbing, separate forced air heat, and new retaining wall on the side and front of property. This property has tremendous rental income potential due to it's large apartments and amenities like forced air heat and on site laundry, making it a great opportunity for both investor and owner occupant.

Property Type :

Multi Family

County :

Essex

Style :

Multi Family

Sell a home like this and save $35,495 Find Out How

Property Details

 

Utilities

Electric, Gas-Natural

Heating & Cooling

Heating: 2 Units, Forced Hot Air

Cooling: None

Building Information

Year Built: 1925

Construction: Vinyl Siding

Roof: Asphalt Shingle

Lot Information

Lot Dimensions: 35.2X50

Lot Size (Acres): 0.04

Listing Information

Possession: at closing

Tax Information

Tax ID: 1614-04109-0000-00003-0000-

Tax Year: 2023

Parcel Number: 1614-04109-0000-00003-0000-

Taxes : 5,271

Parking Information

Open Parking Space: 3

Parking Features: 1 Car Width

Utility Information

Electric, Gas-Natural

Water Source : Public Water

SEWER : Public Available

Location Information

Direction: Sanford ave going north, right on Silver st.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
62 Stuyvesant Ave, Newark, NJ,07106 $415,000 3 2 -- 0.11 Acre
32 Palm St, Newark, NJ,07106 $349,000 5 2 1,500 0.07 Acre
26 Fleetwood Pl, Newark, NJ,07106 $399,999 3 1 -- 0.08 Acre
87 Pine Grove Ter, Newark, NJ,07106 $244,500 3 1.5 -- 0.08 Acre
29 W End Ave, Newark, NJ,07106 $399,000 5 2 -- 0.11 Acre
206 Brookdale Ave, Newark, NJ,07106 $1,500,000 -- -- -- 0.04 Acre
100 Halstead St, Newark, NJ,07106 $260,000 3 1 -- 0.11 Acre
93 Sunset Ave, Newark, NJ,07106 $355,000 4 2 -- 0.06 Acre
56 Alexander St, Newark, NJ,07106 $475,000 4 3.5 -- 0.12 Acre
15 Isabella Ave, Newark, NJ,07106 $600,000 7 4 -- 0.12 Acre

ByOwner last updated this listing 05/29/2024 @ 06:49

MLS: 3900098
LISTED BY: , RE/MAX SELECT
SOURCE: Garden State MLS - New Jersey
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $35,495 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion