Properties Active

86 88chancellor Ave
Newark City NJ 07112-2248

  • Single Family Residential
  • Active
  • 8 months ago

86 88chancellor Ave
Newark City NJ 07112-2248

 

$350,000

50X100

Description

Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.

Facts and Features

Type

Single Family Residential

Year Built

2024

Heating

Gas-Natural

SQFT

50X100

bedroom_child
Bedrooms

3

bathroom
bathrooms

garage
GARAGE

0

in_home_mode
Status

Active