235 S 7Th St
Newark City, NJ 07103-2412
- 5 beds
- 2 baths
- 2,200 sqft
- 2,614 sqft lot
- $159 per sqft
- 1891 build
- – on site
Investor Special in the Heart of Newark - Excellent Potential for Multi-Family ConversionWelcome to an incredible investment opportunity in the vibrant heart of Newark! This spacious 5-bedroom, 1 full bath, and two half-bath home spans 2,200 square feet, boasting great bones and high ceilings, offering a perfect canvas for your vision.Key Features:5 Bedrooms, 1 Full Bath, 2 Half Baths2,200 Square FeetGreat Bones and High CeilingsPotential for Multi-Family ConversionPrime Location: Situated strategically, this property is close to parks, schools, shopping centers, and convenient transportation options. Whether you're looking to tap into the rental market or transform this space into a multi-family dwelling, the possibilities are endless.Investor-Friendly Details:After Repair Value (ARV): $475,000 Ideal for Investors Seeking High ROI or First Time Home Buyers Looking for Low Entry and Light to Medium Rehab.Proximity to Schools, Parks, and ShoppingExcellent Transportation AccessibilityThis property presents a unique opportunity for those with a keen eye for value and potential. With the prospect of a multi-family conversion and a desirable location, don't miss out on this chance to turn this house into a lucrative investment.Schedule a viewing today and unlock the full potential of this Newark gem!
Listing courtesy of GSMLS / MICHAEL DENTE / EXP REALTY, LLC
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Last updated Apr 18, 2024
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MLS# 3889062 —
This home is listed in more than one place. See it here.
Monthly cost estimate
Asking price
$350,000
Expense | Monthly cost |
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,874
|
Taxes | N/A |
Insurance | $96 |
Utilities | $248 See report |
Total | $2,218/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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4/18/24
Apr 18, 2024
|
Sold Subject To Contingencies | GSMLS | $350,000 | |
3/5/24
Mar 5, 2024
|
Listed / Active | GSMLS | $350,000 |
67% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $20k above asking price on average, but some went as high as $75k over asking price.