337 South 19th Street
$480,000
10
3
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Description
Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor...Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor units offer flexibility to add up to four bedrooms, walk-in closets, or additional bathrooms, maximizing tenant appeal and rental income potential. ARV $730-800K + with projected rents of $2,000-$2,500 per unit, the property can generate $8,000-$10,000+ monthly, depending on the configuration. Situated near Rutgers, NJIT, downtown Newark, and major transit routes like I-78 and Garden State Parkway, it's an ideal location for tenants. The property is sold "AS IS," accepting cash, conventional loans, hard money, or FHA 203(k) renovation loans. Empty lot on the rear is does not belong to the property. A temporary Certificate of Occupancy has been obtained & all title docs have been completed. Daytime viewings are recommended due to a lack of electricity, and a Hold Harmless Agreement is required before entry. Min $15K initial deposit and no offers under the list price will be entertained. Don't miss this opportunity schedule a viewing today! Owner holds a real estate license.
- Listed by DARRELL BAILEY • EXP REALTY, LLC
Property Details for 337 South 19th Street
Directions
I- 280 W to 337 S19th Street
Days On Market0
LISTING UPDATED: 11/21/2024 04:11 PM
Property Details for 337 South 19th Street
Status | Active |
---|---|
MLS # | 3935506 |
Days on Market | 5 |
Taxes | $6,628 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / 3-Three Story |
Year Built | 1900 |
Lot Size | 0.06 AC / 2,613 SF |
County | Essex County |
Building Information for 337 South 19th Street
Stories-Residences3Year Built1900Building Size-Lot Size0.06 AC / 2,613 SF
Property Information for 337 South 19th Street
Property History for 337 South 19th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 337 South 19th Street
Taxable ValueLand$21,300Additions$156,500Total$177,800
Tax Record2023$6,628 ($552 / month)
Home Facts
Beds0Total Finished SqFt3,096 SqFtAbove Grade Finished SqFt3,096 SqFtStories3Lot Size2,509 SqFtStyleSingle Family ResidenceYear Built1917CountyESSEXAPN14 01794-0000-00025
Schools near 337 South 19th Street
This home is within The Newark Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | PK to 8 | |||
Public - | PK to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
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Thirteenth Avenue Elementary School PublicPK to 8 | ||
South Seventeenth Street Elementary School PublicPK to 8 | ||
Lincoln Elementary School PublicPK to 8 | ||
Speedway Academies PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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