287 New York Ave, Newark City, NJ 07105

List Price
$985,000
Status
ACTIVE UNDER CONTRACT
MLS#
4041869
Bedrooms
10
Bathrooms
5
County
Essex
City
Newark City
Year Built
1922

Property Description

GREAT INVESTMENT OPPORTUNITY! Welcome to this well-maintained, four-family, two-story property located in the highly desirable Ironbound section of Newark. Situated on an oversized 50' x 100' lot, this income-producing property is just steps from the Ironbound's renowned restaurants, shopping, entertainment, and public transportation. The building features four spacious apartments with two- and three-bedroom layouts, each with a modern kitchen, living room, dining area, full bath, and beautiful hardwood floors throughout. Additional highlights include a partially finished basement with a laundry area, separate utilities, a brick-front exterior with aluminum siding, and two detached garages in the rear, providing valuable storage. Whether you're an investor seeking strong cash flow or an owner-occupant looking to offset your mortgage with rental income, this versatile property offers exceptional value in one of Newark's most vibrant and sought-after neighborhoods.Don't miss this rare opportunity to own a well-maintained, income-producing property in the heart of the Ironbound!

Additional Information

Basement
Unfinished
Sewer
Public Sewer

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Listing Courtesy Of WEICHERT REALTORS - HOME CITY, Contact: