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Photo of 86 88chancellor Avenue, Newark City NJ
86 88chancellor Avenue
Newark City, NJ 07112
Bedrooms
3
Full Baths
1
Partial Baths
2
Acres
0.11
Lot Dimensions
5000 Sqft
Age
105
Heating
Natural Gas
Cooling
Central Air
Water
Public
Sewer
Public
Garages
0
Basement
Unfinished
Taxes (2024)
$7,518
Parking
None
Additional Details Below

Description

Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.

Location

Driving Directions

Elizabeth Ave to Chancellor Ave

Listing Details

Summary
Architectural Type

Ranch

Interior Features
Flooring

Carpeting

Basement

Unfinished

Appliances

Sump Pump

Rooms List

Ground Level: 3 Bedroom, Main Bath, Kitchen, Living Dining Room

Exterior Features
Roofing

Asphalt Shingle

Exterior Features

Open Porch(es), Brick

Utilities
Cooling

Central Air

Heating

Baseboard - Cast Iron, Gas-Natural

Sewer

Public Sewer

Water

Public Water

Additional Utilities

Electric, Gas-Natural

Miscellaneous

Assessment : 197,700
Zoning: Commercial
Lattitude : 40.70438
Longitude : -74.21306
MLS# : 3992709
Views : 10
Listed By: of EXP REALTY, LLC

Notes

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