Listing provided courtesy of: EXP Realty, LLC.
86-88 Chancellor Avenue
Newark, NJ 07112-
Est. Payment/ mo
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. Current usage is commercial. It is in a residential zone and would need to be converted. Property does not qualify for traditional financing CASH OR HARD MONEY ONLY Direct end buyers only; no wholesalers pls.
PROPERTY DETAILS
- Price $350,000
- Beds 3
- Baths 3
- Property Type Residential
- MLS Number 24032900
DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Station Cities are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 05/15/2025 20:23:51. Source: New Jersey Multiple Listing Service, Inc.
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