Homes for sale - 86 Chancellor Ave #1, Newark City, NJ 07112

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$340,000

Est. payment - /mo

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3 BD

2 BA

4,791 Sqft Lot

Under Contract

86 Chancellor Ave #1 Newark City, NJ 07112

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Christina "Chrissy Keys" Gelpi

chrissy@chrissykeys.com +1(732) 485-9393

UPDATED:

11/11/2024 11:41 AM

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3928614

Style Ranch, Detached, Fixer Upper

Bedrooms 3

Full Baths 1

Half Baths 2

HOA Y/N No

Year Built 1940

Annual Tax Amount $7,370

Tax Year 2023

Lot Size 4,791 Sqft

Property Description

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

Location

State NJ

County Essex

Zoning Residential

Rooms

Basement Full, Walkout

Master Bathroom Stall Shower

Master Bedroom 1st Floor

Kitchen See Remarks

Interior

Interior Features StallShw, WlkInCls

Heating Gas-Natural

Cooling Central Air

Flooring Carpeting, Tile, Wood

Heat Source Gas-Natural

Exterior

Exterior Feature Brick

Parking Features None

Utilities Available Electric

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style Ranch, Detached, Fixer Upper

Schools

Elementary Schools Chancellor

Middle Schools Chancellor

High Schools Chancellor

Others

Senior Community No

Ownership Fee Simple

Listed by EXP REALTY, LLC

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Christina "Chrissy Keys" Gelpi

Agent | License ID: 1329223

+1(732) 485-9393