86 Chancellor Avenue #1 Bld.86 Newark City, NJ 07112

$350,000
3
Beds
1.2
Baths
0.11
Acres
$350,000
3
Beds
1.2
Baths
Favorite
Ask agent
Share

pending
1/15
Street View

Welcome to this beautiful ranch style single-family home that presents an exceptional investment opportunity! Located near Weequahic Park, this residence boasts with potential 3/4 bedrooms, 2.5-3 bathrooms, spread over 2 floors including the basement. This property offers endless possibilities for customization and enhancement with low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a spacious master bedroom with an the opportunity to create an additional 2/3 bedrooms. Estimated rehab work is $125k-$150k The current owners lender estimated after-repair value of $500K+. A renovated basement adds further value, providing additional recreational space and elevating the after-repair value. Located near all modes of public transportation and just minutes from NJ Turnpike, providing an easy commute to NY. Current usage is commercial. It is in a residential zone and the usage would need to be converted. Property does not qualify for traditional financing CASH OR HARD MONEY ONLY Direct end buyers only; no wholesalers pls.

Welcome to this beautiful ranch style single-family home that presents an exceptional investment opportunity! Located near Weequahic Park, this residence boasts with potential 3/4 bedrooms, 2.5-3 bathrooms, spread over 2 floors including the basement. This property offers endless possibilities for customization and enhancement with low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a spacious master bedroom with an the opportunity to create an additional 2/3 bedrooms. Estimated rehab work is $125k-$150k The current owners lender estimated after-repair value of $500K+. A renovated basement adds further value, providing additional recreational space and elevating the after-repair value. Located near all modes of public transportation and just minutes from NJ Turnpike, providing an easy commute to NY. Current usage is commercial. It is in a residential zone and the usage would need to be converted. Property does not qualify for traditional financing CASH OR HARD MONEY ONLY Direct end buyers only; no wholesalers pls.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Essex
  • Tax Amount
    $7,370
  • Status
    Pending
  • Listing #
    3928614
  • Built
    1940
  • Lot Size
    0.11
  • Listed on site
    278 days

Listed by:
Exp Realty, Llc

Source:
Garden State MLS

Click for Map
Smart Commute Planner

How Much Is My Home Worth?

Get an instant home-value estimate

Add a destination

School Info

Property details

Exterior features

  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning

Style

  • Ranch \/ One Story

Property History

DateDays AgoEventNew Price
May 14, 20252 mos agoPrice increased10,000 (3%)$350,000
Oct 9, 20249 mos agoNew on market$340,000
Favorite
Ask agent
Share

Tour This Home

Tue
15Jul
Wed
16Jul
Thu
17Jul
Fri
18Jul
Sat
19Jul
Sun
20Jul
Mon
21Jul
Tue
22Jul
Wed
23Jul
Thu
24Jul
Fri
25Jul
Sat
26Jul
Sun
27Jul
Mon
28Jul
in Person
via Video Call
Branch Manager
Photo of Rachael Lanzman