Property
Newark City, NJ 07106 48 Cedar Ave
$749,999
4 more
Presented By: EXODUS REAL ESTATE
Beds • 8- Full/Half Baths • 3 / 1
- Garage • 1
Beds • 8
Full/Half Baths • 3 / 1
Garage • 1Home Details
48 Cedar Ave is a well-maintained 3-family property offering strong rental potential and immediate cash flow. The 1st floor features 3 bedrooms, 1 bath, currently rented at $2,150/month. The 2nd floor unit includes 3 bedrooms, 1 bath, with access to the basement and garage, generating $2,798/month. The 3rd floor offers a 2-bedroom, 1 bath unit, currently vacant, but perfect for an owner-occupant or to lease for additional income (projected at $1,750/month).Ideally located just off South Orange Ave, this property provides convenient access to major highways, public transportation, shopping, and schools. Whether you're an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this is a fantastic opportunity with great upside potential!
Presented By: EXODUS REAL ESTATE
Interior Features for 48 Cedar Ave
Bedrooms
Total Bedrooms8
Unit 1 Beds Total3
Unit 2 Beds Total3
Unit 3 Beds Total2
Bathrooms
Half Baths1
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent0
UnitType2TotalRent0
UnitType3TotalRent0
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas
Unit 2 Appl/EquipCarbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas
Unit 3 Appl/EquipCarbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas
BasementFinished, Full
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms6
Unit 1 Rooms6
Unit 3 Rooms4
Unit 3 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 1 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Kitchen, Living/Dining Room, See Remarks
General for 48 Cedar Ave
Architectural Style3-Three Story
CoolingWindow A/C(s)
CountyEssex
DirectionsBetween South Orange Avenue & 14th Avenue
Drive1 Car Width
EasementUnknown
Full Baths3
GarageDetached Garage
Garage Spaces1
Gross Income
Heating3 Units
Net Operating Income
Number Of Units Total3
Open Parking Spaces1
Operating Expense0
PossessionAt Closing
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount10793
Tax Assessed Value269900
Tax Lot35
Tax Year2025
Total Rooms16
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Year Built1930
Exterior for 48 Cedar Ave
Exterior DescriptionWood
Lot Dimensions37.6X100
Lot Size Acres0.09
Water SourcePublic Water
Additional Details
Price History
Charles Torres
Owner