488 S 12th St, Newark, NJ 07103

$425,000
  • 488 S 12th St, Newark, NJ 07103 Main Photo

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New to the Market Contingent
BEDS7 BATHS3 full MLS#4040252
STATUS PROPERTY TYPEMulti Unit - Multiple

Property Description

Investor Opportunity ? Value-Add Two-Family in Newark!Attention investors, contractors, and experienced value-add buyers! This two-family property presents an outstanding opportunity to add to your portfolio in one of Newark?s established residential neighborhoods. Featuring two spacious units with 3 bedrooms each, plus a finished attic offering additional living space and flexibility, this property has the layout and potential investors are looking for.Whether your strategy is to renovate and hold for long-term rental income, reposition for increased cash flow, or add value for future appreciation, this property offers an excellent foundation with significant upside. The generous floor plans and multi-family configuration create strong income-producing potential once improvements are completed.Conveniently located near Newark Penn Station, NJ Transit, major highways, shopping, restaurants, schools, and parks, the property offers excellent accessibility for future tenants and long-term investment appeal.Property is being sold strictly As-Is. This is an ideal opportunity for cash buyers, investors, contractors, or those seeking their next renovation project. Buyer is responsible for conducting all due diligence. Don?t miss the chance to unlock the full potential of this income-producing property.

488 S 12th St | MLS# 4040252

This multi-family property located at 488 S 12th St, Newark, NJ 07103 is currently listed for sale with an asking price of $425,000. Search Newark real estate on mainlinemanny.realtymark.net today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Window A/C(s)
Fuel Type: Gas-Natural
Heating: Baseboard - Electric, See Remarks
Lot Size: 0.05 Acres
Roof Type: Asphalt Shingle
Taxes: $10,337
Year Built: 1940

Feature Descriptions

Days on Site: 3
Driveway: On-Street Parking
Exterior: Aluminum Siding
Lot Dimensions: 0.05 acre(s)
Sewer: Public Sewer
Utilities: Gas-Natural
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: KELLER WILLIAMS VILLAGE SQUARE
Agency Contact: 201-774-3680

Shown By

Agent Name: Manuel Ishkhanian
Agent Phone: (484) 832-2122
Agency Title: RealtyMark

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Estimated Payment

$ 1,931.24 per month $945.87 Principal & Interest $861.42 Property Tax $123.96 Homeowner's Insurance

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