BEDS7
BATHS3 full
MLS#4040252
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
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, 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Window A/C(s)
Fuel Type: Gas-Natural
Heating: Baseboard - Electric, See Remarks
Lot Size: 0.05 Acres
Roof Type: Asphalt Shingle
Taxes: $10,337
Year Built: 1940
Feature Descriptions
Days on Site: 3
Driveway: On-Street Parking
Exterior: Aluminum Siding
Lot Dimensions: 0.05 acre(s)
Sewer: Public Sewer
Utilities: Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS VILLAGE SQUARE
Agency Contact: 201-774-3680
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,931.24 per month $945.87 Principal & Interest $861.42 Property Tax $123.96 Homeowner's InsuranceChange Payment Information
488 S 12th St | MLS# 4040252
This multi-family property located at 488 S 12th St, Newark, NJ 07103 is currently listed for sale with an asking price of $425,000. Search Newark real estate on www.realtymark.net today.