Introducing your dream duplex in the heart of Newark, New Jersey! This two-in-one urban oasis offers the perfect blend of style and functionality. Nestled in a vibrant neighborhood with easy access to major highways and public transportation, this duplex is a commuter's dream. You'll relish the modern amenities, spacious living areas, and the flexibility of having two separate units – ideal for generating rental income or accommodating extended family. Newark's cultural vibrancy, diverse dining options, and thriving job market are all within reach. Don't miss this golden opportunity to own a piece of Newark's rising real estate market. Act fast and make this duplex your gateway to urban living with an edge!

🔑 Standout Features:

✔️ Duplex Layout: Double the Income Potential or Live-Rent Combo

✔️ 2 Bedrooms, 1 Bath per Unit: Comfortable Living for Tenants or Residents

✔️ Will be delivered vacant

✔️ Water & Sewer Included: Hassle-Free Lease Agreement for All Parties Involved."

💰 Investment Potential:

• The current value of this property, as assessed by Zillow, stands at $$462,200 By purchasing at the asking price of $380,000, you'll gain instant equity value.
• Additionally, the after-rehab value (ARV) is estimated to be $550-580K, indicating the potential for further appreciation and future returns on your investment.
• With a rehab cost of $80,000, you have the opportunity to enhance the property's value and attract higher rental income or capitalize on increased market value.

SALES COMPS AND DATES (6 MONTHS)

4 bd2 ba-- sqft

69-71 Eugene Pl, Belleville, NJ 07109

Sold: $550,000Sold on 08/05/22

6 bd2 ba-- sqft

819-821 Clifton Ave, Newark, NJ 07104

Sold: $517,599Sold on 05/02/22

7 bd2 ba-- sqft

733 Summer Ave, Newark, NJ 07104

Sold: $635,000Sold on 09/12/22

6 bd3 ba-- sqft

683 Parker St, Newark, NJ 07104

Sold: $525,000Sold on 04/03/23

ZILLOW RENTAL COMPS

$1,750/mo2 bd1 ba-- sqft 347 Grafton Ave, APT 2C, Newark, NJ 07104 

$2,000/mo2 bd1 ba700 sqft 15 Branch Brook Pl, APT 3G, Newark, NJ 07104 

$1,750/mo1 bd1 ba750 sqft 63 Forest Hill Pkwy, # 2-2J, Newark, NJ 07104

SALE PRICE - 380K

ARV - 550-580K

REPAIRS - 80K

PROFIT MARGIN - 90-120K