1. New Jersey
2. Newark City
3. 86 88chancellor Ave

86 88chancellor Ave, Newark City, NJ 07112

• 3 beds |
• 1 bath

Property Description

Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.

Listing Status:

Active

Listing Office:

EXP REALTY, LLC : 866-201-6210

MLS ID:

3992709

Interior

• Kitchen: See Remarks
• Appliances: Sump Pump
• Basement: Unfinished
• Flooring: Carpeting
• A/C: Central Air
• Heating: Baseboard - Cast IronGas-Natural
• Fireplace: Fireplaces: 0

Exterior

• General: BrickOpen Porch(es)
• Style: Ranch

Construction

• Roofing: Asphalt Shingle

Location

• County: Essex

Lot

• Driveway: None
• Zoning: Commercial1614-03690-0000-00010-0000-

Utilities

• Utilities: ElectricGas-Natural
• Water: Public Water
• Sewer: Public Sewer

This listing courtesy of EXP REALTY, LLC