![[Newark Real Estate, listing number 3345562]](https://www.vlshomes.com/images/full/3345562a.jpg)
| Description: 3345562 | |
| Investor Special: High-Yield Renovation Opportunity in Newark! Attention investors and handy buyers! Unlock immense equity and cash flow potential with this classic seven-room, three-bedroom, one-bathroom Colonial situated on a 25 x 100 lot. If you are looking for your next great income producer or a rewarding flip project, this property is priced perfectly for an investor or a handy person using cash or renovation financing. The home features incredibly low carrying costs with property taxes under $1,100 yearly, maximizing your bottom line and future rental yields. The property requires substantial repairs and a total renovation, providing a blank canvas to build it out exactly to your standards in a highly active sub-market with strong buyer demand. The property is currently vacant, boarded up, safe, and easy to show. Investment opportunities with carrying costs this low do not last long in this competitive market, so bring your contractor, bring your vision, and act now before it's gone! |
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Details: |
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| Bedrooms: | 3 | |
| Bathrooms: | 1 | |
| Property Type: | Colonial | |
| Rooms: | 6 | |
| Lot Size: | 25 x 100 | |
| Built: | 1905 | |
Financials: |
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| Price: | $264,900 | |
| Taxes: | $1,047 | |
| Status: | REO | |