Investor Opportunity 4-Family in Newark Located in the City of Newark, this legal 4-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, making it an excellent candidate for redevelopment or value-add investment. With a total of 23 rooms, 8 bedrooms,… Read More multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent upside potential for the right buyer. This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment. Read Less
Courtesy of CENTURY 21 ALLIANCE REALTY.
Listing Snapshot
Days Online
55
Last Updated
Property Type
Other
Beds
8
Lot Size
0.27 Acres
Year Built
1920
MLS Number
3988838
30 Days Snapshot Of 07104
$470k
0%
(avg) sold price
6
-25%
homes sold
101
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Yes
Building
Built in 1920
Cooling
None, SeeRem
Exterior Features
See Remarks, Stucco
Garage
2 garage spaces, Detached Garage
Water Features
Public Water
Heating
Gas-Natural, See Remarks, 1 Unit, See Remarks
Interior Features
See Remarks
Lot
Approximate Lot Size: 90X130, 0.27 acres
Parking
2 parking spaces, 1 Car Width, Blacktop
Property
4 units, FHA Age Restricted: No
Roof
See Remarks
Sewer
Public Sewer
Taxes
Annual Tax Amount: $12,983, Tax Rate: 3.803
Unit One
1 bathroom, 1 bedroom, Handicap Accessibility: No, See Remarks
Unit Two
2 bedrooms, 3 bathrooms, Handicap Accessibility: No, See Remarks
Unit Three
1 bedrooms, 2 bathrooms, Handicap Accessibility: No, See Remarks
Unit Four
1 bathroom, 1 bedroom, Handicap Accessibility: No, See Remarks
Utilities
Electric, Gas-Natural
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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