NJ > Newark City
Newark City, NJ 07103,337 S 19th St
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Newark City, NJ 07103,337 S 19th St
Newark City, NJ 07103,337 S 19th St
Newark City, NJ 07103,337 S 19th St
Newark City, NJ 07103,337 S 19th St
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Karen Scarpa

Karen Scarpa

+1(732) 631-4514
$ 450,000
Est. payment /mo
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337 S 19th St Newark City, NJ 07103

8 Beds

3 Baths

2,613 Sqft Lot

UPDATED:

10/28/2024 02:11 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3931361

Style 3-Three Story

Bedrooms 8

Full Baths 3

Year Built 1900

Annual Tax Amount $6,628

Tax Year 2023

Lot Size 2,613 Sqft

Property Description

Newark legal three-family home with 2/3/3-bed, a spacious basement, and low taxes offers significant investment potential. First-floor unit includes an option to add an additional room facing the front of the home. The property, sold without parking, does not include the rear lot on the left hand side. Full renovation, estimated at $200-250K depending on scope, allows for customization with an opportunity to add 2 bathrooms per unit and an additional one in the basement, creating a new-build construction appeal. Second-floor unit has the option to add 4 bedrooms, walk-in closet, or bathroom toward the front, maximizing the layout.Projected rental income ranges from $2,000 to $2,500 per unit. Located in the 07103 zip code, this property sits close to Rutgers and NJIT campuses, downtown Newark, and major transit routes, including links to NYC, I-78, Garden State Parkway, US-22, and Newark Airport. This makes it an ideal cash-flow property for investors or an opportunity for homeowners to build equity while tenants cover the mortgage.This property is sold "AS IS and requires cash, conventional, hard money, or FHA 203k renovation loan financing. A temporary Certificate of Occupancy has been obtained. Daytime viewings only are recommended due to lack of electricity and use a flashlight, every buyer must sign hold harmless agreement before entry due to the property's current condition. Don't miss out on this exceptional investment opportunity in a prime Newark location.

Location

State NJ

County Essex

Zoning R3

Rooms

Basement Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum Siding

Garage On-Street Parking

Utilities Available All Underground

Roof Type Asphalt Shingle

Parking Type On-Street Parking

Building

Lot Description Level Lot

Sewer Public Available, Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

Elementary Schools 13Th Ave

Middle Schools 14Th Ave

High Schools West Side

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXP REALTY, LLC

Karen Scarpa

Agent | RMFR8838475

+1(732) 631-4514

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