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
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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
    313 days

Listed by:
Exp Realty, Llc

Source:
Garden State MLS

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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, 20253 mos agoPrice increased10,000 (3%)$350,000
Oct 9, 202410 mos agoNew on market$340,000
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Branch Manager
Photo of Rachael Lanzman
Rachael Lanzman