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$599,900
Est. payment /mo
8 Beds
5 Baths
0.27 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3988838
Style 3-Three Story
Bedrooms 8
Full Baths 5
Year Built 1920
Annual Tax Amount $12,983
Tax Year 2024
Lot Size 0.270 Acres
Property Description
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, 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.
Location
State NJ
County Essex
Rooms
Basement Full
Interior
Interior Features See Remarks
Heating Gas-Natural, See Remarks
Cooling None, SeeRem
Heat Source Gas-Natural, See Remarks
Exterior
Exterior Feature See Remarks, Stucco
Parking Features Detached Garage
Garage Spaces 2.0
Utilities Available Electric, Gas-Natural
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by CENTURY 21 ALLIANCE REALTY
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