Discover the possibilities at 111 Park Avenue, Newark, NJ, a multifamily property offering an attractive opportunity for both the investor and owner-occupant. Whether you're looking to expand a real estate portfolio or live in one unit while generating rental income from the others, this property provides the flexibility today's buyers value.For the investor, Newark's established rental market and proximity to employment, education, transportation, shopping and neighborhood services create the foundation for continued tenant demand. Multiple units provide an opportunity to generate income from more than one household while building long-term equity in one of New Jersey's major urban markets.For the owner-occupant, the opportunity is equally compelling: occupy one unit and use rental income from the additional unit or units to help offset monthly housing expenses, subject to lender qualification. It's a practical path toward homeownership while simultaneously owning an income-producing asset.The Park Avenue location provides convenient access to Downtown Newark, public transportation, major highways, schools, universities, restaurants and parks, with New York City within commuting reach.Live in it. Rent it. Build equity with it. Explore the income and ownership possibilities waiting at 111 Park Avenue.
Property Features
Basement
Full
Unfinished
Walk-Out Access
Heating Information
Natural Gas
Water Features
Public
Utilities
Underground Utilities
Parking
On Street
School Information
School Information for 111 Park Ave, Newark City, NJ 07104
Elementary School
FRANKLIN
Middle School
FRANKLIN
High School
BARRINGER
Listing Courtesy: ERA QUEEN CITY REALTY - 908-322-5454