31 Cedar Ave Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07106
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,375 sqft
Price per Sqft $189
MLS Listing ID 3927291
Style 3-Three Story
Bedrooms 11
Full Baths 3
Annual Tax Amount $6,546
Tax Year 2023
Lot Size 3,484 Sqft
Property Description
Welcome to 31 Cedar Ave, Newark, NJ, a recently renovated 3-family property located in the vibrant Upper Vailsburg neighborhood. This investment opportunity features two spacious 4-bedroom units and one 3-bedroom unit, currently vacant, offering flexibility for either immediate rental or Owner-occupancy. As an Owner occupant you can enjoy the long term gains while achieving equitable value. Why Rent when You Can own! Upper Vailsburg is a sought-after community with a blend of suburban charm and urban accessibility, appealing to new homebuyers and investors alike. Known for its beautiful Victorian and Dutch colonial-style homes, the area also boasts close proximity to key landmarks like Ivy Hill Park, a lush green space perfect for outdoor activities. Additionally, Upper Vailsburg provides convenient access to public transportation, major highways, and a short commute to New York City, making it ideal for tenants seeking both tranquility and convenience.The neighborhood's increasing home values and rental demand make this property a smart investment for wealth-builders focused on generating cash flow through multi-family properties. With nearby amenities including local shops, schools, and historic sites. 31 Cedar Ave is well-positioned to attract long-term renters and provides a solid return on investment.Don't miss this opportunity to own a turn-key, income-generating property in one of Newark's most promising neighborhoods! Bring All offers Today
Location
State NJ
County Essex
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Exterior
Exterior Feature Vinyl Siding
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water