285 Weequahic Ave
Newark City, NJ 07112
Price: $389,000
GSMLS: 3879238Type: Multi-Family
Style: 2-Two Story
Total Units: 1
Beds: 5
Baths: 1 Full
Garage: 1-Car
Year Built: Unknown
Acres: 0.09
Property Tax: $4,707
Description
This Is A 1-family Investment Opportunity Zoned For A 2 To 3-family In Newark That Needs City Approvals From The Township To Convert Into A 2 -3-family Home. Brand New Siding And Ready For Your Completion With Your Final Touches. The Current Owner's Lender Estimated An After-repair Value Of $625-645k+. With Pending Permits, There's An Opportunity For The Buyer To Continue The Project, Unlocking Even Greater Potential. Options Abound To Enhance The Property's Value, Including Extending The Home On The Second Floor And Replacing The Deck To Create Additional Rooms And A Bathroom. Alternatively, Convert Into A 2-family Home With Relevant City Approvals. A Renovated Basement Will Add Further Value, Providing Additional Recreational Space And Elevating The After-repair Value To $600-650k+. Located Near All Modes Of Public Transport Once Done; This Property Will Have A Good Amount Of Equity Since Renovated Homes Go Above $680k.can Features A 2 Bed / 1 Bath On The First Floor & A 5 Bed / 1 Bath Duplex On The 2nd Floor To Make A Master Suite.+ Private Driveway With Garage. New Roof And Windows Replaced Close Commute To Nyc, Newark Airport, Highways, And Public Transportation Also Weequahic Park, Schools, And Newark Beth Israel Hospital. This Home Won't Last!
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
13
Basement:
Yes - Full, Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
40X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
1-Car
Description:
Detached Garage
Parking:
1 Car Width
Spaces Available:
3
Unit 1
Bedrooms:
5
Bathrooms:
1
Total Rooms:
13
Room Description:
Attic, Bedrooms, Den, Eat-In Kitchen, Family Room, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Refrigerator, See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
1 Unit
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$389,000
Tax Amount:
$4,707
Land Assessment:
$19,000
Build. Assessment:
$107,000
Total Assessment:
$126,000
Tax Rate:
3.74
Tax Year:
2022
Listing Information
MLS ID:
3879238
List Date:
12-27-2023
Days On Market:
144
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Raeemah Redd
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
