NJ
Essex
Newark City
07103
488 S 12Th St
488 S 12Th St, Newark City, NJ 07103
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Listing Type
Multi Family
Listing Status
Active
42
$425,000

Home Details for 488 S 12Th St

Price
$425,000
Type
Residential Income
Bedrooms
7
Total Bathrooms
3
Full Bathrooms
3
Square feet
2050
Year built
1940
Lot size acres
0.05
County
Essex
Total rooms
13
Basement
Unfinished
MLS Listing#
4040252
Property Description

Investor Opportunity ? Value-Add Two-Family in Newark!Attention investors, contractors, and experienced value-add buyers! This two-family property presents an outstanding opportunity to add to your portfolio in one of Newark?s established residential neighborhoods. Featuring two spacious units with 3 bedrooms each, plus a finished attic offering additional living space and flexibility, this property has the layout and potential investors are looking for.Whether your strategy is to renovate and hold for long-term rental income, reposition for increased cash flow, or add value for future appreciation, this property offers an excellent foundation with significant upside. The generous floor plans and multi-family configuration create strong income-producing potential once improvements are completed.Conveniently located near Newark Penn Station, NJ Transit, major highways, shopping, restaurants, schools, and parks, the property offers excellent accessibility for future tenants and long-term investment appeal.Property is being sold strictly As-Is. This is an ideal opportunity for cash buyers, investors, contractors, or those seeking their next renovation project. Buyer is responsible for conducting all due diligence. Don?t miss the chance to unlock the full potential of this income-producing property.

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Parking
    • On Street
  • Basement
    • Unfinished
Listing Courtesy: KELLER WILLIAMS VILLAGE SQUARE - 201-445-4300
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EXIT REALTY LUCKY ASSOCIATES
290 Ferry St., Newark, NJ 07105
Office
973 817 7700
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