48 Elliott Street, Newark 

Price: $649,000 

Wonderful Three-Family Home located in the heart of North Newark! Own and make money!
This house also has a BONUS basement unit containing separate utilities. This house generates great monthly revenue. Basement and Second Floor Units will be delivered Vacant. First Floor has one year tenant, moved in about two months ago, and third floor tenants are currently month-to-month.
House was renovated back in 2013. Very well located on the border of Newark-Belleville.

Main Features:

  • 1st Floor: 3 Beds/ 1 Bath

  • 2nd Floor: 3 Beds/ 1 Bath

  • 3rd Floor: 2 Beds/ 1 Bath

  • Finished Basement

  • Immediate access to Route 21

  • Walking distance to bus stop of Newark Downtown

  • 20 min from NYC

Financing information*

Principle & Interest                $2,617
Property Tax                           $509
Mortgage Insurance              $0
Home Owner’s Insurance      $150

Monthly Payment           $3,276
Income from rentals.           $3,750
Out of Pocket.               -$474

Based on 15% downpayment 4% rate, 30 years fixed. For demonstration purposes only.
Actual rate is based on borrower’s qualifications.