$640,000
Pending
Browse 19 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

Welcome to 31 Cedar Ave, Newark, NJ, a recently renovated 3-family property located in the vibrant Upper Vailsburg neighborhood. This investment opportunity features two spacious 4-bedroom units and one 3-bedroom unit, currently vacant, offering flexibility for either immediate rental or Owner-occupancy. As an Owner occupant you can enjoy the long term gains while achieving equitable value. Why Rent when You Can own! Upper Vailsburg is a sought-after community with a blend of suburban charm and urban accessibility, appealing to new homebuyers and investors alike. Known for its beautiful Victorian and Dutch colonial-style homes, the area also boasts close proximity to key landmarks like Ivy Hill Park, a lush green space perfect for outdoor activities. Additionally, Upper Vailsburg provides convenient access to public transportation, major highways, and a short commute to New York City, making it ideal for tenants seeking both tranquility and convenience.The neighborhood's increasing home values and rental demand make this property a smart investment for wealth-builders focused on generating cash flow through multi-family properties. With nearby amenities including local shops, schools, and historic sites. 31 Cedar Ave is well-positioned to attract long-term renters and provides a solid return on investment.Don't miss this opportunity to own a turn-key, income-generating property in one of Newark's most promising neighborhoods! Bring All offers Today

  • Interior Details
      • InteriorCarbon Monoxide Detector, Fire Extinguisher, Smoke Detector
    • Heating & Cooling
      • HeatingBaseboard - Hotwater, Radiant - Hot Water
      • Heating SourceGas-Natural
    • Beds & Baths
      • Bedrooms11
  • Property Details
      • Exterior MaterialsVinyl Siding
      • Exterior FeaturesSidewalk
    • Parking
      • Parking FeaturesOn-Street Parking
  • Construction Details
      • Basement DescriptionFull, Unfinished
      • Property TypeMulti-Family
      • BasementYes
    • Condition
      • Year Built1915
    • Material information
      • RoofAsphalt Shingle
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Water HeaterGas
  • Other
      • MLS #3927291

Location

Nancy RodriguezReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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