283 Spring St
Newton Town, NJ 07860
Price: $350,000
GSMLS: 3984015Type: Multi-Family
Style: 2-Two Story
Total Units: 3
Beds: 4
Baths: 3 Full
Garage: No
Year Built: 1930
Acres: 0.14
Property Tax: $9,751
Description
Investor Opportunity In The Heart Of Newton! Unlock The Potential Of This Three-unit Multifamily In Newton's Booming Lower Spring Street Corridor Right Across From Thor Labs And Just Steps To Shops, Restaurants, And Town Conveniences. This Property Is Over 2000 Sq Ft And Features Two 1-bedroom Apartments And One 2-bedroom Unit, All Currently Vacant And Ready For Your Vision. Whether You're Looking To Renovate And Rent Or Reposition Entirely, This One Is Priced To Move And Offers Plenty Of Parking And A Location That's Hard To Beat. Located In The T-3 Zoning Section. The Building Needs Work, But Savvy Investors Will Recognize The Opportunity To Create Value In Sussex County's Fastest-growing Town. You're Just Minutes From Walmart, Home Depot, Weis Markets, And Popular Chains Like Starbucks, Chipotle, Panera, Jersey Mike's, And Five Guys.
General Info
Style:
2-Two Story
SqFt Building:
2,069
Total Rooms:
10
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Stone, Stucco, Wood
Lot Size:
n/a
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Driveway-Shared
Spaces Available:
6
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Tenant Pays Electric
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Tenant Pays Electric
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Tenant Pays Electric
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Electric
Heating Fuel:
Electric
Cooling:
None
Water Heater:
Electric
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas In Street
Services:
n/a
School Information
Elementary:
MERRIAM AV
Middle:
HALSTED ST
High School:
NEWTON
Community Information
County:
Sussex
Town:
Newton Town
Neighborhood:
Lower Spring
Financial Considerations
List Price:
$350,000
Tax Amount:
$9,751
Land Assessment:
$66,900
Build. Assessment:
$307,600
Total Assessment:
$374,500
Tax Rate:
2.73
Tax Year:
2024
Listing Information
MLS ID:
3984015
List Date:
09-01-2025
Days On Market:
0
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: SeasonsGlenCondos.com
