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86 88chancellor Ave, Newark City, NJ 07112

$350,000
: 3
BD
: 1.2
BA

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List Price: $350,000
Status: ACTIVE
MLS#: 3992709
Bedrooms: 3
Bathrooms: 1.2
Half-baths: 2
County: Essex
City: Newark City
Year Built: 1920

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Property Description

Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.

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Additional Information

Style: Ranch
Exterior: Brick
Basement: Yes
Appliances: Sump Pump
Water: Public Water
Sewer: Public Sewer
Fuel: Gas-Natural