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Map
$549,900
●
Multifamily -
In Contract
40-42 Silver Street
Newark, NJ 07106
8 Beds
3 Baths
$3,140
Estimated Monthly
$0
HOA / Fees
20.44%
Cap Rate
About This Property
40 Silver st is a large, fully renovated 2 family home in desirable
Vailsburg section of Newark, close to everything! The flow of
the layout, the abundant windows, and the tall ceilings make both
apartments feel open and spacious. 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.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$439
HOA Dues
-
Year Built
-
Listed By
Last updated: 18 days ago (NJMLS #24008945)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2024 | In contract | - | |
| In contract | |||
| Mar 26, 2024 | Listed by RE/MAX SELECT - Montclair | $549,900 | |
| Listed by RE/MAX SELECT - Montclair | |||
Property Highlights
Parking Details
None
Interior Details
Bedroom Information
Bedrooms: 8
Bathroom Information
Bathrooms: 3
Room Information
Total Rooms: 16
Fireplace Information
None
Exterior Details
Property Information
View: None
Building Information
Year Built: 1900-1939
Financial Details
Tax: $5,271
40-42 Silver Street
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
6
Beds
3
Baths
-
$615,000
Dec 6, 2023
$615,000
Dec 6, 2023
$456/mo
Sold
Multifamily
5
Beds
4
Baths
-
$480,000
Jan 5, 2023
$480,000
Oct 5, 2023
$429/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
About Lower Vailsburg
Similar Homes for Sale
Nearby Rentals
Listed by: Silvio Lavrador
RE/MAX SELECT - Montclair
Last Updated: 18 days ago
Data Source: NJMLS , MLS# 24008945
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
RE/MAX SELECT - Montclair
Last Updated: 18 days ago
Data Source: NJMLS , MLS# 24008945
All information deemed reliable but not guaranteed.© 2024 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
