794 Bergen Street

Newark, NJ 07108

$759,999
Price
8
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover the epitome of investment opportunity with this impeccably maintained 3-family residence nestled in the heart of Newark, NJ's most sought-after locale. Property rents will cover the entire mortgage no matter FHA, VA, Conventional, or Cash . Boasting not only RECENTLY RENOVATED UNITS but also immense potential for added value, this property stands as a beacon for discerning investors. With tenants currently on month-to-month leases, the door is wide open for strategic upgrades and rental...Discover the epitome of investment opportunity with this impeccably maintained 3-family residence nestled in the heart of Newark, NJ's most sought-after locale. Property rents will cover the entire mortgage no matter FHA, VA, Conventional, or Cash . Boasting not only RECENTLY RENOVATED UNITS but also immense potential for added value, this property stands as a beacon for discerning investors. With tenants currently on month-to-month leases, the door is wide open for strategic upgrades and rental rate adjustments to maximize your returns. Situated in a prime commuter-friendly area, convenience is paramount. Bus stops conveniently stationed plus a new school across the street and a new police academy a mere block away, safety and education are prioritized. As Newark's landscape undergoes rapid revitalization, investing in this property means positioning yourself at the forefront of growth and development. Seize the opportunity to own a piece of Newark's promising future. Property qualifies for NEWARK LIVE GRANT : provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. Over a five-year period, 20 percent of the loan is forgiven for each full year in which the recipient has lived in the home. MUNICIPAL EMPLOYEE HOUSING ASSISTANCE PROGRAMThis program is similar to the Live Newark Closing Cost Program.. It provides $20,000 no-interest forgivable loans to purchase a home in Newark
  1. Listed by ISAIAH SPRINGER • WEICHERT REALTORS

Property Details for 794 Bergen Street

Directions
PLEASE USE GPS
Days On Market
38
LISTING UPDATED: 07/08/2024 03:39 PM

Property Details for 794 Bergen Street

StatusActive
MLS #3905487
Days on Market176
Taxes$8,017 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1902
Lot Size-
CountyEssex County

Building Information for 794 Bergen Street

Stories-Residences3Year Built1902Building Size-Lot Size-

Property Information for 794 Bergen Street

Summary
Location and General Information
  • Zoning: x
  • Active Days on Market: 35
  • Renovated Year: 2023
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 2712
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 794.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: BERGEN STREET
  • Zip Code: 07108-1804
  • Total Units: 3
Taxes and HOA Information
  • Tax Amount: $8,017
  • Assessment Total: 214600.0
  • Tax ID For Property: 1614-02712-0000-00032-0000-
  • Tax Rate Amount: $0
  • Tax Rate Year: 2022
  • Tax Year: 2022
Parking
  • Parking/Driveway Description: On-Street Parking, See Remarks
  • Garage Description: See Remarks
Property
Lot Information
  • Lot Identifier: 32
  • Approximate Lot Size: 2627
  • Construction Date/Year Built: 1902
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 196100.0
  • Assessment Land: 18500.0
Utilities
  • Cooling: See Remarks
  • Utilities: See Remarks
  • Water: See Remarks
  • Water Heater: See Remarks
  • Heating: See Remarks
  • Fuel Type: See Remarks
  • Sewer: See Remarks
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: See Remarks
  • Unit 1 Baths: 1.0
  • 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: 2150.0
  • Unit 1 Room Description: See Remarks
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 2150.0
  • Unit 1 Sq Ft: 2816.0
Unit 2 Information
  • Unit 2 Appl/Equip: See Remarks
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • 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: 2200.0
  • Unit 2 Room Description: See Remarks
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 2200.0
  • Unit 2 Sq Ft: 2816.0
Unit 3 Information
  • Unit 3 Appl/Equip: See Remarks
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • 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: 1700.0
  • Unit 3 Room Description: See Remarks
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 1700.0
  • Unit 3 Sq Ft: 2816.0
Unit 4 Information
  • Unit 4 Room Description: See Remarks
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 794 Bergen Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 794 Bergen Street

Taxable ValueLand$18,500Additions$196,100Total$214,600
Tax Record2023$8,000 ($667 / month)
Home Facts
Beds0Total Finished SqFt2,816 SqFtAbove Grade Finished SqFt2,816 SqFtStories3Lot Size2,627 SqFtStyleSingle Family ResidenceYear Built1902CountyESSEXAPN14 02712-0000-00032

Schools near 794 Bergen Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
B.R.I.C.K. Peshine Academy
PublicPK to 8

Hawthorne Avenue Elementary School
PublicPK to 8

George Washington Carver Elementary School
PublicPK to 8

Belmont-Runyon 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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794 Bergen Street is a multi-family home for sale in Newark, NJ 07108. This property was listed for sale on May 31, 2024 by WEICHERT REALTORS, it's currently listed at $759,999. It has been on the market for a total of 176 days and was last sold on April 2, 2024. This listing's school district is The Newark Public School District. Nearby schools include B.R.I.C.K. Peshine Academy, Hawthorne Avenue Elementary School and George Washington Carver Elementary School. 794 Bergen Street is a 8-bed, 3-bath, multi-family home built in 1902.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of WEICHERT REALTORS, ISAIAH SPRINGER

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked 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. All information deemed reliable but not guaranteed. Last date updated: 11/23/2024 02:18 PM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. 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: 11/23/2024 02:18 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.