71 Hartford St, Newark, NJ 07103

Property Description

Exceptional Multi-Family Opportunity w/Income Potential! Don't miss this investment/owner occupant opportunity in a spacious & well maintained multi-family home currently configured as a 2-family residence, w/potential to convert the full 1st floor unit into a 3rd income producing unit (buyer due diligence). Each existing unit features 3 BRS, 2 full baths, including ensuite master baths, spacious kitchens & beautiful wood floors in the LRs, DRs & hallways. Recent upgrades include a new vinyl privacy fence, newly poured concrete patio, & an above-ground pool. All major mechanicals have been updated: HVAC systems & water heaters are less than 2 years old, & the roof is 4 years old. Unit 2 features new carpeting. The shared laundry room includes washer/dryer plus additional hookups for a 2nd set of laundry appliances. Ground flr offers its own private entrance creating a prime opportunity for conversion & additional rental income with minimal adjustments. Unit 1 is connected through a spiral staircase to the ground floor unit which they currently use as a recreation room & is awaiting a conversion. $$$ Unit 2 is currently priced below market value, making this property a compelling investment in both short and long term value. Whether you're an investor seeking strong rental returns or an owner-occupant looking to offset your mortgage, this property delivers versatility and upside. Ideally located near shops, schools, parks, transportation, museums and the Prudential Center.