Welcome to this charming ranch style single-family home that pr esents 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 limitless possibilities for customization and enhancement with low taxes and a prme location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a big 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 minutes from NJ Turnpike, providing an easy commute to NY. Direct end buyers only; no wholesalers pls.

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on 86 Chancellor Ave
in Newark, NJ
Presented by Pruvi Pierre at
EXP REALTY, LLC.


Property MLS #3903121 from GardenState

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+ Bedrooms

Bedrooms: 3

+ Other Rooms

Total Rooms: 4
Basement Description: Unfinished

+ Bathrooms

Total Bathrooms: 0.20
1/2 Bathrooms: 2

+ Heating and Cooling

Heating Features: 1 Unit
Heating Fuel: Gas-Natural

+ Land Info

Lot Size Acres: 0.11
Lot Size Square Feet: 4792

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 7370
Source Listing Status: Active
County: Essex
Directions: Elizabeth Ave to Chancellor Ave
Tax Year: 2023
Source Property Type: Residential
Ownership Type: Fee Simple
Zoning: RES-1
Property Subtype: Single Family
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-05-21
$330,000
GardenState

+ Accessibility Features

Access: No

+ Building and Construction

Year Built: 1940
Building Exterior Type: Brick
Property Age: 84
Roof: Asphalt Shingle
House Style: Ranch
Year Built Details: Approximate

+ Utilities

Sewer: Public Sewer
Water Source: Public Water

+ Display Complete School Details

Calvary Christian School is a private elementary and middle school located approximately 0.4 miles away.
Map directions

Weequahic High School is a public high school located approximately 0.5 miles away.
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Eagle Academy for Young Men of Newark is a public middle and high school located approximately 0.5 miles away.
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Chancellor Avenue Elementary School is a public elementary and middle school located approximately 0.6 miles away.
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