86 88chancellor Ave, Newark, NJ, 07112
About This Home
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.
Getting Around
Somewhat Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Roof: Asphalt Shingle
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Yes,Unfinished,Sump Pump
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Features
- Kitchen
- Flooring: Carpet
Heating & Cooling
- Heating features: Baseboard - Cast Iron,Natural Gas
- Cooling features: Central Air
Kitchen
- Features: See Remarks
Property
Details
- Parcel number: 1614036900000000100000
- Zoning description: Commercial
Features
- Patio & porch: Open Porch(es)
Lot
- Lot size: 4,791 sqft
- Lot size dimensions: 50 x 100
Parking
- Parking features: None