337 S 19th ST new to site Save Request In-Person Tour Request Virtual Tour
Newark,NJ 07103
Key Details
Property Type Single Family Home, Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24037283
Bedrooms 10
Full Baths 3
Annual Tax Amount $6,628
Property 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,"
Location
State NJ
County Essex
Area Newark
Rooms
Basement Yes
Interior
Heating Gas,Other Fuel Source/See Rmks
Fireplaces Type None
Laundry None
Exterior
Exterior Feature Aluminum,Vinyl
Garage None
Utilities Available O/See Rmks,Sep Heat
Waterfront Description None
View None
Building
Lot Description Regular
Others
Senior Community No
Ownership Private
Miscellaneous None