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About This Home
This 7-bedroom, 4-bathroom residential multi family at 196 Sussex Ave in Newark City, NJ is listed for $650,000. Built in 1887, on a 0.07 acres lot.
Welcome to 196 Sussex Ave, a well-maintained 3-family property in the heart of Newark, offering an excellent opportunity for both investors and owner-occupants alike. This versatile property features three separate units, with the added benefit of a semi-finished basement complete with a bathroom?perfect for additional living space, storage, or potential expansion.
The second unit is currently vacant, making it ideal for an owner-occupant looking to live in one unit while generating rental income from the others, or for an investor seeking immediate leasing potential. Conveniently located near major transportation, schools, and local amenities, this property provides both strong income potential and long-term value. Whether you're looking to grow your portfolio or secure a multi-family home with built-in cash flow, this is an opportunity you won?t want to miss!
Key Features
- Built in 1887
- 0.07 acre lot
Property Details
Amenities
Monthly Cost Estimate
$3,476/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
196 Sussex Ave
Newark City, NJ 07103-4071
Property Details
Construction
Heating
Questions & Answers
This 7-bedroom, 4-bathroom residential multi family at 196 Sussex Ave is listed at $650,000. The estimated monthly payment is $2,817 based on 20% down at 6.5% interest.
Key features include: Built in 1887, 0.07 acre lot.
This property is listed by BRENDAN DASILVA and can be reached at 9737837400 or offers@dasilvateamnj.com.
