232 2nd St
Property Description
This spacious 3-family property in Newark offers a rare opportunity for both comfortable living and smart investing. Featuring a total of 9 bedrooms and 3 bathrooms, each unit provides generous layouts ideal for owner-occupants seeking space while generating rental income. The property includes a hard-to-find industrial-style 2-car garage perfect for personal use, storage, or additional income along with a 2-car driveway, giving you and your tenants the convenience of off-street parking. Located just minutes from the train station and light rail, commuting to NYC and surrounding areas is quick and easy, making it highly attractive for tenants. Whether you're looking to offset your monthly expenses or build long-term wealth, this property offers strong income potential and a favorable cap rate. Newark's continued growth and rental demand make this an excellent opportunity to own while investing in your future. Don't miss your chance to secure a multi-family home that works for you! Property is being sold "AS IS."
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $789,999 |
| No. of Units: | 3 |
| Year Built: | 1900 |
| Opportunity Zone: | No |
| Price per unit: | $263,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 3 |
ID: 3yd-GSMLSNJ-4023520
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