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337 19th Street , Newark, NJ 07103

$480,000

Detail

  • Property ID: 24037283
  • Price: $480,000
  • Bedrooms: 10
  • Bathrooms: 3
  • Garage: None
  • Year Built: 1900-1939
  • Property Type: 2-4 Family
  • Property Status: For Sale

Description

Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor units offer flexibility to add up to four bedrooms, walk-in closets, or additional bathrooms, maximizing tenant appeal and rental income potential. ARV $730 to 800K + with projected rents of $2,000 to $2,500 per unit, the property can generate $8,000 to $10,000+ monthly, depending on the configuration. Situated near Rutgers, NJIT, downtown Newark, and major transit routes like I-78 and Garden State Parkway, it’s an ideal location for tenants. The property is sold ‘AS IS,’

  • Address: 337 19th Street
  • City: Newark
  • State/county: ESSEX / NJ
  • Zip/Postal Code: 07103
  • Country: United States

Listing provided by EXP Realty, LLC

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Prominent Properties Sotheby's International Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: 2024-11-22 10:00 PM. Source: New Jersey Multiple Listing Service, Inc.

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