337 S 19th St Unit 3, Newark City, NJ

Newark legal three-family home with 2/3/3-bed, a spacious basement, and low taxes offers significant investment potential. First-floor unit includes an option to add an additional room facing the front of the home. The property, sold without parking, does not include the rear lot on the left hand side. Full renovation, estimated at $200-250K depending on scope, allows for customization with an opportunity to add 2 bathrooms per unit and an additional one in the basement, creating a new-build construction appeal. Second-floor unit has the option to add 4 bedrooms, walk-in closet, or bathroom toward the front, maximizing the layout.Projected rental income ranges from $2,000 to $2,500 per unit. Located in the 07103 zip code, this property sits close to Rutgers and NJIT campuses, downtown Newark, and major transit routes, including links to NYC, I-78, Garden State Parkway, US-22, and Newark Airport. This makes it an ideal cash-flow property for investors or an opportunity for homeowners to build equity while tenants cover the mortgage.This property is sold "AS IS and requires cash, conventional, hard money, or FHA 203k renovation loan financing. A temporary Certificate of Occupancy has been obtained. Daytime viewings only are recommended due to lack of electricity and use a flashlight, every buyer must sign hold harmless agreement before entry due to the property's current condition. Don't miss out on this exceptional investment opportunity in a prime Newark location. Schedule a Private Showing