86 Chancellor Ave #1 Under Contract Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07112
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 3928614
Style Ranch, Detached, Fixer Upper
Bedrooms 3
Full Baths 1
Half Baths 2
HOA Y/N No
Year Built 1940
Annual Tax Amount $7,370
Tax Year 2023
Lot Size 4,791 Sqft
Property Description
Welcome to this beautiful ranch style single-family home that presents an exceptional investment opportunity! Located near Weequahic Park, this residence boasts with potential 3/4 bedrooms, 2.5-3 bathrooms, spread over 2 floors including the basement. This property offers endless possibilities for customization and enhancement with low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a spacious master bedroom with an the opportunity to create an additional 2/3 bedrooms. Estimated rehab work is $125k-$150k The current owners lender estimated after-repair value of $500K+. A renovated basement adds further value, providing additional recreational space and elevating the after-repair value. Located near all modes of public transportation and just minutes from NJ Turnpike, providing an easy commute to NY. Direct end buyers only; no wholesalers pls.
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Full, Walkout
Master Bathroom Stall Shower
Master Bedroom 1st Floor
Kitchen See Remarks
Interior
Interior Features StallShw,WlkInCls
Heating Gas-Natural
Cooling Central Air
Flooring Carpeting, Tile, Wood
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Garage None
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style Ranch, Detached, Fixer Upper
Schools
Elementary Schools Chancellor
Middle Schools Chancellor
High Schools Chancellor
Others
Senior Community No
Ownership Fee Simple