About This Home
This 5-bedroom, 3-bathroom residential multi family at 19 Highland Ave in Newark City, NJ is listed for $550,000. on a 0.06 acres lot.
Key Features
- 0.06 acre lot
- 2 stories
- 3 parking spaces
Property Details
Excellent investment opportunity or owner-occupant property in the desirable North Newark section! This move-in-ready 2-family home features a spacious vacant first-floor unit with 2 bedrooms, offering the perfect opportunity for an owner-occupant or to generate additional rental income at market rent.
The second-floor unit offers 3 bedrooms and is currently rented for $2,100 per month. The fully finished basement provides additional living space and is currently rented for $1,100 per month. The property has a long private driveway with ample off-street parking, a highly sought-after feature in Newark.
Well maintained and ready for its next owner, this property offers strong income potential while allowing an owner to move right in. Conveniently located near transportation, major highways, shopping, schools, and parks. Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income from the others, this is an opportunity you don't want to miss!
Monthly Cost Estimate
$2,942/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
19 Highland Ave
Newark City, NJ 07104-1106
Features & Amenities
Interior Features
Exterior Features
Property Details
Heating
Questions & Answers
This 5-bedroom, 3-bathroom residential multi family at 19 Highland Ave is listed at $550,000. The estimated monthly payment is $2,941 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.06 acre lot, 2 stories, 3 parking spaces. Interior Features: Carbon Monoxide Detector, Smoke Detector. Exterior Features: Sidewalk.
This property is listed by BISHOY MEGALLA and can be reached at (973) 253-2800.
