1. New Jersey
  2. Newark
  3. 86-88 Chancellor Avenue
$350,000

86-88 Chancellor Avenue, Newark, NJ 07112

  • 3 beds |
  • 3 baths
  • Property Icon Ranch Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 8 months ago

Property 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. 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.

Listing Status:
Active
Date Added:
October 9, 2024 at 05:00AM
Listing Office:
EXP Realty, LLC : 866-201-6210
Listing Agent:
Darrell Bailey : (862) 283-1281
MLS ID:
24032900
  • Rooms: 5
  • Basement: Full
  • A/C: Central Air
  • Heating: Gas
  • Fireplace: Fireplace

This listing courtesy of Darrell Bailey, EXP Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

M

Maple Avenue Elementary School

, Newark, NJ, 07112

Grades KG-8

0.24 miles away

M

Maple Avenue Elementary School

, Newark, NJ, 07112

Grades KG-8

0.24 miles away

E

Eagle Academy for Young Men of Newark

279 Chancellor Ave, Newark, NJ, 07112

Grades 6-12

0.50 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.