$340,000
Pending

86 Chancellor Ave Unit 1

Newark City, NJ 07112
3 beds | 2 baths | #3928614
Browse 15 photos
Type:Purchase
Structure:House
Zone:Residential

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.

  • Interior Details
      • FloorsCarpeting, Tile, Wood
    • Interior Features
      • InteriorStallShw, WlkInCls
      • Bathroom FeaturesStall Shower
      • Kitchen FeaturesSee Remarks
    • Heating & Cooling
      • Heating SourceGas-Natural
      • Heating1 Unit
    • Beds & Baths
      • Bedrooms3
      • Bathrooms2
      • Full Baths1
      • Half Baths2
  • Property Details
      • Exterior FeaturesOpen Porch(es)
      • Exterior MaterialsBrick
    • Parking
      • Parking FeaturesNone, Off-Street Parking
  • Construction Details
      • Basement DescriptionFull, Walkout
      • Property TypePurchase
      • StyleRanch
      • BasementYes
    • Condition
      • Year Built1940
    • Material information
      • RoofAsphalt Shingle
  • Utilities / Energy Details
      • ServicesGarbage Included
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • AppliancesSump Pump
      • Utility FeaturesElectric
  • Community and Neighborhood Details
      • Elementary SchoolCHANCELLOR
      • Middle SchoolCHANCELLOR
      • High SchoolCHANCELLOR
  • Other
      • OwnershipFee Simple
    • Source
      • MLS #3928614

Location

Salvatore BocchinoReal 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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