Newark City, NJ 07112 285 Weequahic Ave

This is a 1-family investment opportunity zoned for a 2 to 3-family in Newark that NEEDS city approvals from the township to convert into a 2 -3-family home. Brand new siding and ready for your completion with your final touches. The current owner's lender estimated an after-repair value of $625-645K+. With pending permits, there's an opportunity for the buyer to continue the project, unlocking even greater potential. Options abound to enhance the property's value, including extending the home on the second floor and replacing the deck to create additional rooms and a bathroom. Alternatively, convert into a 2-family home with relevant city approvals. A renovated basement will add further value, providing additional recreational space and elevating the after-repair value to $600-650K+. Located near all modes of public transport Once done; this property will have a good amount of equity since renovated homes go above $680k.Can Features a 2 bed / 1 bath on the first floor & a 5 bed / 1 bath duplex on the 2nd floor to make a Master suite.+ private driveway with garage. New roof and windows replaced Close commute to NYC, Newark airport, highways, and public transportation also Weequahic Park, schools, and Newark Beth Israel hospital. This home Won't last!