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285 Weequahic Ave, Newark, NJ 07112
$389,000
285 Weequahic Ave, Newark, NJ 07112View this property at 285 Weequahic Ave, Newark, NJ 07112
285 Weequahic AveNewarkNJ07112
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Property Description
This is a 1-family investment opportunity zoned for a 2 to 3-family in Newark that NEEDS city approvals from the township to convert into a 2 -3-family home. Brand new siding and ready for your completion with your final touches. The current owner's lender estimated an after-repair value of $625-645K+. With pending permits, there's an opportunity for the buyer to continue the project, unlocking even greater potential. Options abound to enhance the property's value, including extending the home on the second floor and replacing the deck to create additional rooms and a bathroom. Alternatively, convert into a 2-family home with relevant city approvals. A renovated basement will add further value, providing additional recreational space and elevating the after-repair value to $600-650K+. Located near all modes of public transport Once done; this property will have a good amount of equity since renovated homes go above $680k.Can Features a 2 bed / 1 bath on the first floor & a 5 bed / 1 bath duplex on the 2nd floor to make a Master suite.+ private driveway with garage. New roof and windows replaced Close commute to NYC, Newark airport, highways, and public transportation also Weequahic Park, schools, and Newark Beth Israel hospital. This home Won't last!
Full Property Details
Full Property Details for 285 Weequahic Ave
General
- Price: $389,000
- Taxes: $4,707 (2022)
- Status: Active
- Type: Multi-Family
- MLS ID: 3879238
- Updated: 5/8/2024
- Added to Site: 162 day(s) ago
Interior
- Number of Rooms: 13
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: NJ Turnpike, GSP, I-78 W or E to Lyons Ave Aldine St to Weequahic Avenue.
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt Shingles
- Year Built: 9999
Unit Information
Unit 1
- Unit Description: Attic, Bedrooms, Den, Eat-In Kitchen, Family Room, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 5
Lot Features
- Lot Size (Acres): 0.09
- Lot Dimensions: 40 x 100
- Driveway/Sidewalk: 1 Car Width
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $107,000
- Land Assmt: $19,000
- Tax Amount: $4,707
- Tax Year: 2022
Disclosures and Reports
- Block: 3724
- Lot Number: 36
Listed by Exp Realty, Llc
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Schools
Schools serving 285 Weequahic Ave
School District:Newark Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
333 Clinton Pl, Newark, NJ 07112 | PK-8 | 0.1 mi | |
321 Chancellor Ave, Newark, NJ 07112 | K-8 | 0.2 mi | |
428 Hawthorne Ave, Newark, NJ 07112 | PK-8 | 0.6 mi | |
Newark School Of Data Science & Information Technology
746 Sanford Ave, Newark, NJ 07106 | 9-10 | 2 mi | |
Newark School Of Global Studies
24 Crane St, Newark, NJ 07104 | 9-11 | 3.7 mi | |
Newark School Of Fashion & Design
239 Woodside Ave, Newark, NJ 07104 | 9-10 | 5.1 mi | |
433 Peshine Ave, Newark, NJ 07112 | PK-8 | 0.8 mi | |
1 Belmont Ruyon Way, Newark, NJ 07108 | PK-8 | 1.1 mi | |
619 S 17th St, Newark, NJ 07103 | K-8 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 285 Weequahic Ave
Date
Details
Price
Change
Source
12/27/2023
Listed
$389,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 285 Weequahic Ave
285 Weequahic Ave, Newark, NJ 07112 (MLS# 3879238) is a Multi-Family property with 1 unit containing 5 bedrooms and 1 full bathroom. 285 Weequahic Ave is currently listed for $389,000 and was received on December 27, 2023. Want to learn more about 285 Weequahic Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.