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337 S 19th St
Newark City NJ 07103-1320 US

$480,000

Active Listing ID 3935506
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10 bed
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3.00 Bath (3 Full)
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Lot: 0.06 Acres
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Other

$480,000

Active Listing ID 3935506
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337 S 19th St Newark legal three family home in the 07103 zip code offers exceptional potential for investors or homeowners. Featuring 2/4/4 bedroom layouts, a spacious basement, and low taxes, this property is ripe for renovation, with an estimated budget of $200K-$250K allowing for full customization. The first floor unit can be expanded by adding a front-facing room or converted into a duplex by incorporating the basement, potentially creating a fourth unit for increased rental income. Second and third-floor units offer flexibility to add up to four bedrooms, walk-in closets, or additional bathrooms, maximizing tenant appeal and rental income potential. ARV $730-800K + with projected rents of $2, 000-$2, 500 per unit, the property can generate $8, 000-$10, 000+ monthly, depending on the configuration. Situated near Rutgers, NJIT, downtown Newark, and major transit routes like I-78 and Garden State Parkway, it's an ideal location for tenants. The property is sold "AS IS, " accepting cash, conventional loans, hard money, or FHA 203(k) renovation loans. Empty lot on the rear is does not belong to the property. A temporary Certificate of Occupancy has been obtained & all title docs have been completed. Daytime viewings are recommended due to a lack of electricity, and a Hold Harmless Agreement is required before entry. Min $15K initial deposit and no offers under the list price will be entertained. Don't miss this opportunity schedule a viewing today! Owner holds a real estate license.

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Property Features

  • Facts
  • Lot Size: 0.06 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • Cooling System: None
  • Exterior Finish: Enclosed Porch(es), Metal Fence
  • Roof Type: Asphalt, Shingle
  • Additional Features
  • Patio

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 480000
  • unparsedaddress: 337 S 19th St
  • postalcity: Newark City
  • stateorprovince: NJ
  • country: US
  • postalcode: 07103-1320
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.06
  • lotsizeunits: Acres
  • lotsizearea: 0.06
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.745446
  • longitude: -74.207515
  • listagentfullname: DARRELL BAILEY
  • listagentemail: offers@dbrei.com
  • listagentkey: 3yd-GSMLSNJ-292273
  • listagentmlsid: 292273
  • listagentpreferredphone: 8662016210
  • listagentofficephone: 8662016210
  • listofficekey: 3yd-GSMLSNJ-5028
  • listofficemlsid: 5028
  • disclaimer: Copyright © 2024 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GSMLSNJ
  • yearbuilt: 1900
  • listingcontractdate: 2024-11-21
  • listagenturl: http://nj.exprealty.com
  • countyorparish: Essex
  • cooling: None
  • constructionmaterials: Aluminum Siding
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Asphalt, Shingle
  • waterfrontyn: False
  • interiorfeatures: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
  • exteriorfeatures: Enclosed Porch(es), Metal Fence
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
  • patioandporchfeatures: Porch
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -74.20751, 40.745445
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"offers@dbrei.com", "ListBrokerageCity":"Montclair", "ListBrokerageCountry":"US", "ListBrokerageEmail":"NJ.Broker@eXpRealty.net", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/GSMLSNJ/8154d890696a11e6bd150242ac110004/20191204120339495.png", "ListBrokerageName":"eXp Realty, LLC", "ListBrokeragePhone":"(866) 201-6210", "ListBrokeragePostalCode":"07042", "ListBrokerageStateOrProvince":"NJ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"28 Valley Rd Ste 1", "ListBrokerageWebsiteUrl":"http://nj.exprealty.com", "ListOfficeAddress1":"28 VALLEY ROAD", "ListOfficeAddress2":"#1", "ListOfficeBrokerMlsId":"289311", "ListOfficeCity":"MONTCLAIR", "ListOfficeCountry":"US", "ListOfficeEmail":"NJ.Broker@eXpRealty.net", "ListOfficePostalCode":"07042", "ListOfficeStateOrProvince":"NJ", "ListPriceCurrencyType":"USD", "ListingTitle":"3-Three Story, Multi-Family - Newark City, NJ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/337-S-19th-St_Newark_NJ_07103_M57867-24681?f=listhub&s=GSMLSNJ&m=3935506&c=rexren", "MLSModificationTimestamp":"2024-11-21T16:11:30Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":15, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6628, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/22/2024 4:11:04 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: DARRELL BAILEY, EXP REALTY, LLC, offers@dbrei.com

Copyright © 2024 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.