Newark, NJ 07112,329-331 Elizabeth AVE
Listed by Ahmondyllah Cole • Coldwell Banker, Summit • (917) 273-8838

$630,000

$649,000

2.9%
Est.Price: ?

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Est. payment /mo

9 Beds

4 Baths


SOLD DATE : 06/12/2024

Key Details

Sold Price $630,000

Property Type Multi-Family

Sub Type 3 Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24002816

Sold Date 06/12/24

Style 3 Family

Bedrooms 9

Full Baths 4

Annual Tax Amount $5,301

Property Description

Discover a fantastic home or investment opportunity with this partially occupied 3-family property, showcasing great rental potential and possible subdivision to build 2nd 3 family, buyer must do own due dilligence. Each unit features a spacious layout with an eat-in kitchen, 3 bedrooms, a living room, and a bathroom. Central Air and forced air heating. Currently, Unit 2 is vacant, while Units 1 and 3 are tenant-occupied, Unit 3 was completely renovated in 2023, flaunting shiny wood floors and new kitchen and bathroom finishes. The property's large, partially finished basement, spans the full footprint of the home.. This large versatile space with nice ceiling height includes a bathroom with a shower and a separate unfinished area ideal for potential coin-operated laundry facilities. With parking for 6 to 8 vehicles and its proximity to parks, restaurants, shopping, public transportation, major highways, and NYC, this property is a lucrative investment waiting to be seized.

Location

State NJ

County Essex

Area Newark

Rooms

Basement large finished basement with 1 bed, 1 bath

Interior

Heating Gas

Fireplaces Type None

Laundry None

Exterior

Exterior Feature Aluminum

Garage Park Space

Utilities Available O/See Rmks, Sep Elec, Sep Gas, Sep Heat

Waterfront Description None

View None

Building

Lot Description Regular

Others

Senior Community No

Ownership Private

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