Investor Opportunity ? Value-Add Two-Family in Newark!Attention investors, contractors, and experienced value-add buyers! This two-family property presents an outstanding opportunity to add to your portfolio in one of Newark?s established residential neighborhoods. Featuring two spacious units with 3 bedrooms each, plus a finished attic offering additional living space and flexibility,… Read More this property has the layout and potential investors are looking for.Whether your strategy is to renovate and hold for long-term rental income, reposition for increased cash flow, or add value for future appreciation, this property offers an excellent foundation with significant upside. The generous floor plans and multi-family configuration create strong income-producing potential once improvements are completed.Conveniently located near Newark Penn Station, NJ Transit, major highways, shopping, restaurants, schools, and parks, the property offers excellent accessibility for future tenants and long-term investment appeal.Property is being sold strictly As-Is. This is an ideal opportunity for cash buyers, investors, contractors, or those seeking their next renovation project. Buyer is responsible for conducting all due diligence. Don?t miss the chance to unlock the full potential of this income-producing property. Read Less
Courtesy of KELLER WILLIAMS VILLAGE SQUARE.
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
7
Lot Size
0.05 Acres
Year Built
1940
MLS Number
4040252
30 Days Snapshot Of 07103
$344k
-4%
(avg) sold price
5
+25%
homes sold
108
+22%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1940
Cooling
Window A/C(s)
Exterior Features
Aluminum Siding
Water Features
Public Water
Heating
Gas-Natural, Baseboard - Electric, See Remarks
Lot
Approximate Lot Size: 22.33 X 100, 0.05 acres
Parking
On-Street Parking
Property
2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $10,337, Tax Rate: 3.999
Unit One
1 bathroom, 3 bathrooms, 900 sqft, Handicap Accessibility: No, See Remarks
Unit Two
2 bedrooms, 4 bathrooms, 1,150 sqft, Handicap Accessibility: No, See Remarks
Utilities
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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