83 Magnolia St | Newark City

$309,900 | 3 Beds | 2 Baths (1 Full, 1 Half) | 1,516 Sq. Ft.

Investor Alert! This 28-year-old single-family townhouse is a rare opportunity. It generates $18,720 in annual rental income and has had a reliable tenant in place since 2018. Offering 1,500 sq ft of living space, this home features 3 bedrooms, 1.5 bathrooms, a 1-car garage, and a private driveway. Enjoy the comfort of central air and heat, a spacious backyard, and low annual taxes of just $4,613.Whether you're a seasoned investor or just getting started, this property is a solid addition to any portfolio. With stable cash flow and minimal upkeep, it's a no-brainer! GSMLS 3961789

Directions to property: Bergen St to Magnolia St

MLS Listing ID: 
GSMLS 3961789
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Community Information
Elementary: 
CLEVELAND
Middle: 
CLEVELAND
High: 
CENTRAL
Building Details
Details about the building on a property.
Architectural Style: 
Colonial
Year Built: 
1997
New Construction: 
0
Living Area: 
1,516
Basement: 
Slab
Fireplaces: 
No
Construction
Roof: 
Asphalt Shingle
Exterior: 
Composition Shingle, Vinyl Siding
Energy Information: 
Gas-Natural
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
6
Total Bedrooms: 
3
Total Bathrooms: 
2
Total Full-Bathrooms: 
1
Total Half-Bathrooms: 
1
Utilities
Information about utilities available on the property.
Heating System: 
Forced Hot Air
Heating System Fuel: 
Gas-Natural
Cooling System: 
Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.06
Lot Size (Dimensions): 
2500 SF.
Waterfront: 
0
Lot Features
Driveway: 
1 Car Width
Parking Type: 
1 Car Width
Total Parking Spaces: 
0
Garage: 
Attached Garage
Fence: 
No
Public Record
Parcel Number: 
1614-02606-0000-00001-0030-
Lot Number: 
1.30
Annual Tax: 
$4,613.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
5/8/2025
Contract Details
Details about the listing contract.
Possession: 
per lease
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
AMERICAN REALTY SERVICES GROUP