Discover the epitome of investment opportunity with this impeccably maintained 3-family residence nestled in the heart of Newark, NJ's most sought-after locale. Property rents will cover the entire mortgage no matter FHA, VA, Conventional, or Cash . Boasting not only RECENTLY RENOVATED UNITS but also immense potential for added value, this property stands as a beacon for discerning investors. With tenants currently on month-to-month leases, the door is wide open for strategic upgrades and rental rate adjustments to maximize your returns.Situated in a prime commuter-friendly area, convenience is paramount. Bus stops conveniently stationed plus a new school across the street and a new police academy a mere block away, safety and education are prioritized.As Newark's landscape undergoes rapid revitalization, investing in this property means positioning yourself at the forefront of growth and development. Seize the opportunity to own a piece of Newark's promising future. Property qualifies for NEWARK LIVE GRANT : provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. Over a five-year period, 20 percent of the loan is forgiven for each full year in which the recipient has lived in the home.MUNICIPAL EMPLOYEE HOUSING ASSISTANCE PROGRAMThis program is similar to the Live Newark Closing Cost Program.. It provides $20,000 no-interest forgivable loans to purchase a home in Newark
Welcome to 373 S Tenth Street, a fantastic two-unit home that offers both spacious living and investment potential! This property features a well-maintained duplex with 5 bedrooms and 2 baths, perfect for extra space. Enjoy the open layout, which includes a bright living area, a modern kitchen, and generous bedroom sizes that provide comfort and convenience.In addition to the duplex, you'll find a finished 2-bedroom, 1-bath unit, ideal for rental income or as an in-law suite. This unit boasts a cozy living space and a functional kitchen, making it a great option for guests or tenants.Situated in a desirable neighborhood, this property is close to local amenities, schools, and parks.Schedule your viewing today! -Vacant-
Welcome to an exceptional investment opportunity in the heart of Newark, NJ, offering both convenience and potential for value enhancement. This 3-family property is ideally located for commuters, with easy access to the highway, ensuring hassle-free travel for tenants.With two RECENTLY RENOVATED spacious 3-bedroom, 1-bathroom units and a charming 2-bedroom, 1-bathroom unit, this property presents a versatile rental opportunity. Currently boasting market rents , there's ample room for optimization. Upon delivery, one unit will be vacant, providing the perfect opportunity for immediate value addition and potential rent increase.Furthermore, one of the units merely requires slight updates, offering a straightforward path to enhancing its appeal and maximizing rental income. The 2-bedroom apartment, in particular, commands excellent rents, making it a lucrative asset within the property. Located in a thriving neighborhood with access to local amenities and transportation options, this property holds immense promise for investors. CLOSING COST PROGRAM The Closing Cost Program provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. 2/3 Units VACANT OCTOBER 2024
THE "DUCHESS OF NEWARK" MODEL IN VAILSBURG - 3,791 SQUARE FEET OF LUXURY LIVING SPACE. 2-CAR BUILT IN GARAGE, CENTRAL AIR CONDITIONING, AND HARDWOOD FLOORS/CERAMIC TILE THROUGHOUT. ELIGIBLE FOR 5-YEAR TAX ABATEMENT. ESTIMATED DATE OF OCCUPANCY: 1-15-25. LISTED RENTS ARE ESTIMATED, NOT GUARANTEED.
Spacious three family house (3 Units) on a street with plenty of new development! A must see in person house. Each apartment has 3-4 bedrooms, 1 bathroom, large eat in kitchen with a seperate storage pantry and living room on each apartment. Detached 5 Car Garages and parking for another 4 cars.Tall cielings in each apartment. Gorgeous white fiber glass front entrance door installed. Freshly painted front hallway with a skylight at the top of the staircase, bringing in warmth and light. Enclosed newly painted back porch is accessible from each apartment and the back yard. Hugh open basement with tall celing and walk out into the back of the property. Low taxes and close to public transportation to NYC and surrounding Essex County area.
Discover an extraordinary investment opportunity in the heart of Newark! This remarkable 3-family home boasts of 9 bedrooms 4 full baths & a finished basement. This property is conveniently situated in Newark, offering easy access to schools, parks, shopping, dining, and public transportation. It's a golden opportunity for investors and those seeking a versatile and comfortable living space.
Discover an extraordinary investment opportunity in the heart of Newark! This remarkable multi family home situated on a quiet street, boasts of 8 bedrooms and 3 full baths, stands as a shining example of spacious and versatile living. This property is conveniently situated in Newark, offering easy access to schools, parks, shopping, dining, and public transportation. It's a golden opportunity for investors and those seeking a versatile and comfortable living space.
Welcome to 91 Aldine! The perfect investment opportunity. Newly renovated, two-family home boasts 3 bedrooms/1 bathroom in each unit rented at market value. The semi-finished basement offers 2 additional bedrooms, kitchenette, full bath and washer and dryer hookup in basement. Renovations include a new roof, flooring, and heating system! On-street parking and shared backyard.
Commercial space on the ground floor and two apartments on top, 2nd floor consists of 3 bedrooms and 2 bathrooms and 3rd floor consists of 3 bedrooms 1 bathroom. Close to major highways, public transportation and shopping
Experience three levels of beautifully renovated living space totaling over 2,400 sq ft. This home boasts a brand-new kitchen with stainless steel appliances and granite countertops. Enjoy the ample private backyard, perfect for summer relaxation. Conveniently situated near universities, hospitals, downtown Newark, major transportation, and only 10 miles from the Holland Tunnel!
Welcome to 286 - 290 16th Ave, being sold as a bundle along with 558 S 18th St. A unique and versatile commercial property offering an exciting opportunity for entrepreneurs and investors alike. 286 - 290 16th Ave offers 4 spacious and versatile commercial spaces, perfect for a wide range of businesses, as well as a dance hall, patio, and outdoor kitchen. Don't miss out on the chance to own this exceptional property, schedule a showing today and unlock its full potential.
Welcome to 286-290 16th Ave, being sold as a bundle along with 558 S 18th St. A unique and versatile commercial property offering an exciting opportunity for entrepreneurs and investors alike. 286-290 16th Ave offers 4 spacious and versatile commercial spaces, perfect for a wide range of businesses, as well as a dance hall, patio, and outdoor kitchen. Don't miss out on the chance to own this exceptional property, schedule a showing today and unlock its full potential.
Welcome to 558 S 18th St, a mixed-use property being sold along with 286-290 16th Ave. Offering two exceptional properties offering a prime opportunity for both business and residential investment. 558 S 18th St offers a full, unfinished basement with a spacious commercial unit on the ground floor, a 2-bredroom 2-bathroom apartment on the 2nd floor, and a 2-bedroom 1-bathroom on the 3rd floor. Conveniently located on the corner of 18th St and 16th Ave, this property enjoys prime visibility and accessibility, attracting both clients to the commercial space and residents seeking convenience and connectivity. Whether you're an investor seeking a lucrative income property or a business owner looking to establish a presence in a thriving community, this property presents an unparalleled opportunity. Don't miss out on the chance to own this exceptional mixed-use property, schedule a showing today and unlock its full potential.
GREAT INVESTMENT PROPERTY WITH SUPER LOW TAXES ($4575). Renovated 2 family property. 1st FL apartment has 2BR and 1BA. 2nd Fl apartment has 4BR and 2BA. Both apartments are vacant.
Explore the opportunity to own a versatile two-family home in Newark! This distinct property offers two spacious units, perfect for investors or those looking to occupy one unit while renting the other. The first unit features Two bedrooms and a full bathroom, ideal for comfort and practicality. The second unit boasts an additional bathroom, making it perfect for larger or hosting guests. Each unit offers ample living space, functional kitchens, and plenty of natural light. Located in a convenient Newark neighborhood, this home is near local amenities, including shopping, dining, and transportation, making it both an attractive and practical choice for a variety of living arrangements. Seize the chance to make this well-maintained property your new investment or home. Well maintained large two family home with separate utilities in the Weequahic section of Newark NJ . The first unit consist of 2 bedrooms, living room, Dining room, kitchen,1 full bath. The second floor unit consist of 2 bedrooms, living room, dining room, kitchen,1 full bath. Close proximity to public transportation. 9 min from Newark International Airport EWR.
Welcome to your next amazing investment opportunity! Nestled in the vibrant Ironbound District of Newark, this renovated 3-family home is a money-making gem waiting to be discovered. LOCATION - LOCATION - LOCATION! All unit's newly renovated.7 Streams of income
Welcome to your next amazing investment opportunity! Nestled in the vibrant Ironbound District of Newark, this renovated 3-family home is a money-making gem waiting to be discovered. LOCATION - LOCATION - LOCATION! All unit's newly renovated-7 Streams of income
*Excellent Investment Opportunity* in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more! All in a prime commuter location just steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center, and easy access to major roads. Don't wait! Opportunity is knocking! *Showings begin Saturday 4/27
*Excellent Investment Opportunity* in this 3 Family home on a large corner lot in thriving Newark! Boasting 8 Bedrooms, 5 Full Baths, Full Basement and ample parking, bursting with possibilities! Great for passive income, rent out all units, or live in one and rent out the others! Almost 3000 sq feet of finished living all through, the first floor unit offers 2 Beds, 2 Full Baths, Living rm, Dining rm and Eat-in-Kitchen. The second level unit offers 3 Beds, 1 Full Bath, Living Rm and Eat-in-Kitchen. Finished third floor offers 3 Beds, 1 Full Bath, Kitchen and Living area. Full Basement with storage, laundry, utilities and additional Full Bath. Separate utilities, semi-private entrances, plenty of parking and more! All in a prime commuter location just steps to public transit, shopping, dining, schools, St. Peters Park, Newark Beth Israel Medical Center, and easy access to major roads. Don't wait! Opportunity is knocking! *Showings begin Saturday 4/27
Location! Location! Location! Prime location surrounding new development; particularly neighboring newly developed 155-Unit apartment development. The 1st-floor unit is currently being used as a house of worship. The 2nd & 3rd level units are completely gutted, awaiting your ideas and design. The property needs work.
BRAND NEW 2-FAMILY HOME - CONSTRUCTION COMPLETED. 3,885 SQUARE FEET OF GROSS LIVING SPACE. GROUND FLOOR: SPACIOUS FAMILY ROOM, BEDROOM, HALF BATH, AND BUILT IN GARAGE. SECOND AND THIRD FLOORS BOTH OFFER 3BEDROOM/2BATH APARTMENTS. CENTRAL AIR THROUGHOUT. HARDWOOD FLOORS AND CERAMIC TILE THROUGHOUT. HOME IS ELIGIBLE FOR A 5 YEAR PROPERTY TAX ABATEMENT. RENTAL INCOME IS ESTIMATED. READY FOR IMMEDIATE OCCUPANCY.
Opportunity Knocks- Sold " AS IS " Huge multifamily home with six Apartments on double Lot, 4 car garage in need of repairs plus extra parking. Great for investors and Developers this is a unique opportunity money-making property. Big potential Upper Clinton Hill Area of Newark .Three Apartments have 2 bedroom / 1 bath. Three apartments have 1 bedroom /1 bath. Each unit is thoughtfully designed to maximize space and natural light, ensuring a comfortable and inviting living environment. Living here offers a variety of nearby experiences to enjoy. Located just two miles outside of Downtown Newark, and closer to major Highways and Newark Airport. Agent Remarks: Rentals are below market value. Apt # 1 $1,350.00, Apt # 2 $500.00 (Super) Apt #3 $ 850.00, Apt # 4 $850.00, Apt # 5 $850.00 , Apt # 6 Vacant.6 electrical meters, 6 gas meters.
ROOMING HOUSE... Attention Investors... Wonderful opportunity to own this 11-bedroom property. The 1st floor includes five bedrooms, a living room, 1 kitchen, and 2 bathrooms in total. The 2nd floor includes 4 bedrooms and a full bathroom. The 3rd adds 2 bedrooms and a full bathroom. One of the bedrooms contains a small kitchen. A newer gas boiler supplies heating for the entire building. Large multi-car driveway and newer roof. There is much room to improve, and some cosmetic updates would go a long way.
ROOMING HOUSE ... Attention Investors ... Wonderful opportunity to own this 11-bedroom property. The 1st floor includes five bedrooms, a living room, a kitchen, and 2 bathrooms. The 2nd floor includes 4 bedrooms and a full bathroom. The 3rd adds 2 bedrooms and a full bathroom for the floor. One of the bedrooms contains a small kitchen. A newer gas boiler supplies heating for the entire building. Large multi-car driveway and newer roof. There is much room to improve, and some cosmetic updates would go a long way.
The median home value in Newark, NJ is $416,000. This is lower than the county median home value of $498,800. The national median home value is $338,100. The average price of homes sold in Newark, NJ is $416,000. Approximately 21.1% of Newark homes are owned, compared to 69.8% rented, while 9.11% are vacant. Newark real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newark real estate agent to arrange a tour today!
Newark, New Jersey has a population of 306,247. Newark is less family-centric than the surrounding county with 22.75% of the households containing married families with children. The county average for households married with children is 30.18%.
The median household income in Newark, New Jersey is $41,335. The median household income for the surrounding county is $67,826 compared to the national median of $69,021. The median age of people living in Newark is 34.7 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.5 inches per year, with 26.1 inches of snow per year.