Active
  • $595,000

    7 White Ter, Newark City, NJ 07108

    6beds
    2,500sqft
    : 
    Multi Family
    Built in 1907
    -- sqft lot
    $-- Zestimate®
    $238/sqft
    $-- HOA

    What's special

    Finished basementNewer heating systemHardwood floorsAmple storage spaceNew windowsQuiet dead-end street
    Investor Alert! Don't miss this incredible opportunity to own a spacious 2-family detached home in the heart of Essex County, situated on a quiet dead-end street.The first-floor unit features 1 bedroom, 2 full bathrooms, and a finished basement perfect for additional living or storage space. This unit will be vacant at closing, ready for an owner-occupant or new tenant.The second-floor unit offers 5 bedrooms, 2 full bathrooms, and ample storage space, currently occupied by a paying tenant providing immediate income.Recent updates include new windows and a newer heating system. The property also boasts hardwood floors, private backyard with a stone patio, and enclosed front porches on both levels, all enclosed by an iron fence for added privacy.This home is being sold as-is, and the buyer is responsible for all municipal inspections, certifications, and the certificate of occupancy.With strong rental potential (estimated fair market rents of approximately $1,768 for the 1-bedroom unit and $3,065 for the 4"5-bedroom unit), this property is an excellent addition to any investor's portfolio. There's even potential to convert to a 3-family with city approval.Endless potential " live in one unit, rent the other, or expand your investment portfolio!
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