NJ > Newark City
Newark City, NJ 07106,31 Cedar Ave
Newark City, NJ 07106,31 Cedar Ave
Newark City, NJ 07106,31 Cedar Ave
Newark City, NJ 07106,31 Cedar Ave
Newark City, NJ 07106,31 Cedar Ave
Newark City, NJ 07106,31 Cedar Ave
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Jan-Michael McClintic

Jan-Michael McClintic

+1(908) 279-0593
$ 640,000
Est. payment | /mo

11 Beds

3 Baths

3,375 SqFt

Save
$ 640,000
Est. payment | /mo
Save

11 Beds

3 Baths

3,375 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,375 sqft

Price per Sqft $189

MLS Listing ID 3927291

Style 3-Three Story

Bedrooms 11

Full Baths 3

Year Built 1915

Annual Tax Amount $6,546

Tax Year 2023

Lot Size 3,484 Sqft

Property Description

Welcome to 31 Cedar Ave, Newark, NJ, a recently renovated 3-family property located in the vibrant Upper Vailsburg neighborhood. This investment opportunity features two spacious 4-bedroom units and one 3-bedroom unit, currently vacant, offering flexibility for either immediate rental or Owner-occupancy. As an Owner occupant you can enjoy the long term gains while achieving equitable value. Why Rent when You Can own! Upper Vailsburg is a sought-after community with a blend of suburban charm and urban accessibility, appealing to new homebuyers and investors alike. Known for its beautiful Victorian and Dutch colonial-style homes, the area also boasts close proximity to key landmarks like Ivy Hill Park, a lush green space perfect for outdoor activities. Additionally, Upper Vailsburg provides convenient access to public transportation, major highways, and a short commute to New York City, making it ideal for tenants seeking both tranquility and convenience.The neighborhood's increasing home values and rental demand make this property a smart investment for wealth-builders focused on generating cash flow through multi-family properties. With nearby amenities including local shops, schools, and historic sites. 31 Cedar Ave is well-positioned to attract long-term renters and provides a solid return on investment.Don't miss this opportunity to own a turn-key, income-generating property in one of Newark's most promising neighborhoods! Bring All offers Today

Location

State NJ

County Essex

Rooms

Basement Full, Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by VYLLA HOME
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+1(908) 279-0593

info@janmichaelrealestate.com

165 Passaic Ave, Fairfield, NJ, 07004, USA

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31 Cedar Ave