337 S 19th St

Newark, New Jersey 07103

  • 10 Bed(s)
  • 3 Bath(s)
  • 0 Sqft
  • 0.06
    Acre(Lot)
$480,000

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 $730-800k + with projected rents of $2,000-$2,500 per unit, the property can generate $8,000-$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," accepting cash, conventional loans, hard money, or fha 203(k) renovation loans. empty lot on the rear is does not belong to the property. a temporary certificate of occupancy has been obtained & all title docs have been completed. daytime viewings are recommended due to a lack of electricity, and a hold harmless agreement is required before entry. min $15k initial deposit and no offers under the list price will be entertained. don't miss this opportunity schedule a viewing today! owner holds a real estate license.

  • Property Type

    Multi Family

  • County

    Essex

  • Style

    3-Three Story

  • AD ID

    47762716

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Property Details

  • Interior Features

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

    Utilities

    • All Underground

    Heating & Cooling

    • Heating: No Heat
    • Cooling: None

  • Building Information

    • Year Built: 1900
    • Construction: Aluminum Siding
    • Roof: Asphalt Shingle

    Exterior Features

    • Enclosed Porch(es), Metal Fence

  • Lot Information

    • Lot Dimensions: 25.1X100
    • Lot Size (Acres): 0.06
    • Level Lot

  • Listing Information

    • Possession: At Closing

  • Tax Information

    • Tax ID: 1614-01794-0000-00025-0000-
    • Tax Year: 2023
    • Parcel Number: 1614-01794-0000-00025-0000-
    • Taxes : 6,628

  • Parking Information

    • Parking Features: On-Street Parking
    • Garage Description: None, On-Street Parking

  • Utility Information

    • All Underground
    • Water Source : Public Water
    • SEWER : Public Available, Public Sewer

    Location Information

    • Direction: I- 280 W to 337 S19th Street
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BuyOwner last updated this listing 11/24/2024 @ 04:26

  • MLS: 3935506
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Garden State MLS - New Jersey

is a Multifamily, with 10 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Newark , in zip code 07103, this Essex County Multifamily are nearby neighborhoods.