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About This Home
This 8-bedroom, 4-bathroom residential multi family at 48 Cedar Ave in Newark City, NJ is listed for $749,999. Built in 1930, on a 0.09 acres lot.
48 Cedar Ave is a well-maintained 3-family property offering strong rental potential and immediate cash flow. The 1st floor features 3 bedrooms, 1 bath, currently rented at $2,150/month. The 2nd floor unit includes 3 bedrooms, 1 bath, with access to the basement and garage, generating $2,798/month.
The 3rd floor offers a 2-bedroom, 1 bath unit, currently vacant, but perfect for an owner-occupant or to lease for additional income (projected at $1,750/month).Ideally located just off South Orange Ave, this property provides convenient access to major highways, public transportation, shopping, and schools. Whether you're an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this is a fantastic opportunity with great upside potential!
Key Features
- Built in 1930
- 0.09 acre lot
- 1 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$4,011/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
48 Cedar Ave
Newark City, NJ 07106-1217
Property Details
Appliances
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 48 Cedar Ave is listed at $749,999. The estimated monthly payment is $3,250 based on 20% down at 6.5% interest.
Key features include: Built in 1930, 0.09 acre lot, 1 parking spaces.
This property is listed by SAMANTHA LAMPTEY and can be reached at 7327379013 or lamptey@exodusrepm.com.
