196 Sussex Ave, Newark City, NJ 07103

$650,000
7
BD
3.1
BA

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List Price
$650,000
MLS#
4022177
Dom
17
Year Built
1887
Status
ACTIVE
County
Essex
City
Newark City
Bedrooms
7
Bathrooms
3.1
Baths Full
3
Baths Half
1
Acres
0.07

Property Description

Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom perfect for additional living space, storage, or potential expansion. The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won't want to miss!

Additional Information

Taxes
$5,566
Cooling
Window A/C(s)
Exterior
Vinyl Siding
Garage Description
None
Heating
Baseboard - Hotwater
Roof
See Remarks
Sewer
Public Sewer
Water
Public Water
Basement
Yes
Garage Description
None

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Listing Courtesy Of KELLER WILLIAMS - NJ METRO GROUP, Contact: 973-783-7400

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