This turnkey multi-family property with 9 bedrooms and 4 bathrooms is an excellent investment opportunity.

The modern updates, including an expansion in 2017 to both 1st and 2dn floors larger kitchens with stainless steel appliances, quartz countertops and custom cabinetry, as well as remodeled bathrooms on both 1st and 2nd floors, add significant value and appeal to potential tenants or buyers. The finished attic and partially finished basement with separate entrances provide added versatility and potential for additional rental income.

Its prime location near transpo rtation hubs like NJ Trnsit, bus at the corner, as well as its proximity to Newark Airport, make it extremely convenient for commuters Additionally, the ample parking space for up to 7 cars is a exceptional asset in an urban setting. This property is a highly desirable option for both investors looking to expand their portfolio and owner-occupants seeking a comfortable living space with the potential for rental income to offset mortgage costs. NO MORE SHOWINGS - All offers due 6/6/24 by :12Noon

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on 746-748 Newark Ave
in Elizabeth, NJ
Presented by Johanna Ruiz at
Keller Williams Premier.


Property MLS #NJUN2000328 from BrightMLS

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+ Bedrooms

Bedrooms: 6

+ Interior Features

Basement

+ Heating and Cooling

Cooling Features: Ceiling Fan(s), Ductless/Mini-Split, Window Unit(s)
Heating Features: Baseboard - Hot Water
Heating: Yes

+ Land Info

Lot Size Acres: 0.1135904
Lot Size Square Feet: 4947

+ Garage and Parking

Parking Features: Asphalt Driveway, Shared Driveway, Driveway Spaces: 6, Off Street
Parking Total: 6

+ Multi-Unit Info

Number of Units: 2
Number of 3 Bedroom Units: 2

+ School Information

School District: ELIZABETH PUBLIC SCHOOLS
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Number 23, N.M. Butler Elementary School is a public elementary and middle school located approximately 0.5 miles away.
Map directions

Elizabeth High School is a public high school located approximately 1.4 miles away.
Map directions

Benedictine Academy is a private high school located approximately 0.4 miles away.
Map directions

+ Other Property Info

Annual Tax Amount: 12294.0
Source Listing Status: Active Under Contract
County: UNION
Source Property Type: Multi-Family
Area: UNION
Source Neighborhood: UNION
Township: ELIZABETH CITY
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-06-01
$675,000
BrightMLS

+ Building and Construction

Total Square Feet Living: 3499
Year Built: 1926
Construction Materials: Vinyl Siding, Asphalt
Property Age: 98
Structure Type: Detached
House Style: Dwelling w/Separate Living Area
Architectural Style: Detached