These listings are sponsored by The Chaconas Group at Keller Williams City Life Realty. Have a listing you’d like to feature? Email us, [email protected]
If you’re looking for an investment property, these two three-family homes in Newark offer limitless potential. With a recently reduced listing prices and 100% occupancy, you’ll see more return on your investment right away.
Listing: 179 Jelliff Avenue, Newark
Asking: $259,000
Agent: Pam Lee & Shawn Chaconas / Keller Williams City Life Realty
The first property at 179 Jelliff Ave. in Upper Clinton Hill was fully remodeled in 2016, is asking $259,000 and comes 100% leased at a healthy 12% cap rate.
The three-story home was recently completely renovated – we’re talking top-to-bottom. The sheetrock is new. The electricity is new. The plumbing? You guessed it.
Each unit at 179 Jelliff Ave. has new, separate hot air heating and forced hot water tanks to ensure cold-weather comfort. But the kitchens are stunning all four seasons of the year, with marble floors and cherry wood cabinets, while in the living room and bedrooms, you’ll find cherry hardwood floors.
The units at 179 Jelliff Ave. come in three different configurations: a two-bedroom with one bathroom and a den, a three-bedroom, one-bath layout, and a three-bedroom, two-bath option.
197 Jelliff is a little over half a mile from I-78 via Irvine Turner Blvd., offering easy highway access.
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Listing: 335 South 19th Street, Newark
Asking: $320,000
Agent: Pam Lee & Shawn Chaconas / Keller Williams City Life Realty
The second property, 335 South 19th Street, boasts three large 3-bedroom units. The property was renovated in 2015. Hardwood floors, coffered ceilings and a large rear patio offer tenants some unexpected flair. Kitchens have been outfitted with antique white cabinetry and granite countertops.
Just reduced to $320,000, 335 South 19th Street offers investors solid cash flow in an area with plenty of upside potential. The landlord pays for water, with tenants paying for all other utilities.
As for transportation, 335 South 19th Street is just blocks from both I-280 and the Garden State Parkway.
For more information on either property, contact Pam or Shawn of The Chaconas Group at Keller Williams City Life Realty by calling (201) 273-4532 or emailing [email protected] or [email protected].
