Property
Newark City, NJ 07112 124 Shephard Ave
$499,999
Pending
13 more
Presented By: COLDWELL BANKER REALTY; 201-294-1154
Beds • 7
Baths • 3
Garage • 2
Home Details
Investment Opportunity in Newark " 3-Family Home with Huge Upside!Discover the potential at 124 Shephard Ave, a vacant 3-family property located in the heart of Newark. This multi-unit home offers the perfect canvas for investors or owner-occupants looking to renovate and build equity.Each unit features spacious layouts, ideal for future rental income. While the property requires repairs, major groundwork has already been laid the oil tank has been professionally removed, and the property is being sold strictly as-is, giving you full control to transform it to your standards.Located on a quiet residential street with convenient access to transportation, shopping, and schools, this is an excellent value-add opportunity in one of Newark's fast-developing neighborhoods.Don't miss out on this rare 3-family investment property. Schedule your showing today! DUE TO MULTIPLE OFFERS, THE SELLER HAS REQUESTED HIGHEST AND BEST BY 5PM 6/19.
Presented By: COLDWELL BANKER REALTY; 201-294-1154
Interior Features for 124 Shephard Ave
Bedrooms
Total Bedrooms7
Unit 1 Beds Total3
Unit 2 Beds Total3
Unit 3 Beds Total1
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft999
Unit 2 Sq Ft999
Unit 3 Sq Ft999
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent999
UnitType2TotalRent999
UnitType3TotalRent999
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipSee Remarks
Unit 2 Appl/EquipSee Remarks
Unit 3 Appl/EquipSee Remarks
BasementUnfinished
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms7
Unit 1 Rooms7
Unit 3 Rooms3
Unit 3 Room DescriptionBedrooms, Eat-In Kitchen
Unit 1 Room DescriptionBedrooms, Dining Room, Eat-In Kitchen
Unit 2 Room DescriptionBedrooms, Dining Room, Eat-In Kitchen
General for 124 Shephard Ave
Architectural StyleFixer Upper
CoolingWindow A/C(s)
CountyEssex
DirectionsBetween Bergen Street and Osborne Terrace
DriveBlacktop
EasementUnknown
Full Baths3
GarageDetached Garage
Garage Spaces2
Gross Income999
Heating1 Unit, Radiators - Steam
Net Operating Income999
Number Of Units Total3
Open Parking Spaces2
Operating Expense999
PossessionAT CLOSING
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount2574
Tax Assessed Value67700
Tax Lot12
Tax Year2024
Total Rooms16
Town #1614
TownshipNewark City
UtilitiesAll Underground
Year Built1930
Exterior for 124 Shephard Ave
Exterior DescriptionAluminum Siding
Lot Dimensions35X100
Lot Size Acres0.08
Water SourcePublic Water
Additional Details
Price History
Charles Torres
Owner