BEDS8
BATHS3 full 1 partial
MLS#4026803
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
48 Cedar Ave is a well-maintained 3-family property offering strong rental potential and immediate cash flow. The 1st floor features 3 bedrooms, 1 bath, currently rented at $2,150/month. The 2nd floor unit includes 3 bedrooms, 1 bath, with access to the basement and garage, generating $2,798/month. The 3rd floor offers a 2-bedroom, 1 bath unit, currently vacant, but perfect for an owner-occupant or to lease for additional income (projected at $1,750/month).Ideally located just off South Orange Ave, this property provides convenient access to major highways, public transportation, shopping, and schools. Whether you're an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this is a fantastic opportunity with great upside potential!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full
Cooling: Window A/C(s)
Fuel Type: Gas-Natural
Garage: 1
Heating: 3 Units
Lot Size: 0.09 Acres
Roof Type: Asphalt Shingle
Taxes: $10,793
Year Built: 1930
Feature Descriptions
Days on Site: 8
Driveway: 1 Car Width
Exterior: Wood
Lot Dimensions: 0.09 acre(s)
Parking Notes: Detached Garage
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: EXODUS REAL ESTATE
Agency Contact: 732-737-9013
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 2,787.34 per month $1,669.17 Principal & Interest $899.42 Property Tax $218.75 Homeowner's InsuranceChange Payment Information
48 Cedar Ave | MLS# 4026803
This multi-family property located at 48 Cedar Ave, Newark, NJ 07106 is currently listed for sale with an asking price of $749,999. Search Newark real estate on www.realtymark.net today.