$550,000

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Newark, NJ, United States 07108

Cheaper than renting!!! This two-family home was fully renovated in 2024, modern finishes and all new appliances (one year old). Perfect for investors or first-time homebuyers. The first-floor features two bedrooms plus an extra room that can be used as a third bedroom or home office. First floor will be delivered vacant. The second floor offers a spacious open concept living and dining area, three bedrooms, and an additional bonus room ideal as a fourth bedroom or office. Each unit pays its own utilities for added convenience. Second floor is rented $2,000/monthly. Enjoy the fenced backyard, perfect for pets or outdoor gatherings. Low taxes of approximately $5,084 and rent income from the second floor makes this property a great deal. Conveniently located less than a quarter mile from the bus station, commuting is easy. This home also qualifies for many programs: Community Reinvestment Act (CRA) programs, first time homebuyer down -payment assistance, closing costs assistance and first generation for buyers that qualifies for these programs. NJMFA First Generation Down Payment Assistance Program provides up to $17,000 - $22,0000 in total assistance when combined with other NJMFA programs. If you want to know if you qualify, reach out. FYI: Pictures dont show the beauty of this house. Come and see it in person please.

Amenities

  • Bedrooms: 5
  • Full Bathrooms: 2
  • Partial Bathrooms: 0
  • Property Type: Multi-Family
  • Year Built: 1895
  • Built in 1895
  • Home size: 0 ft2 / 0 m2
  • MLS: 3996521
  • Status: Active

Property brokered by

WEICHERT, REALTORS®

(800) 824-2408

Get more listing details on brokerage site

Presented by Natasha Meci

  • (908) 277-1200 (Office Phone)

Contact Natasha Meci

Contact Agent

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