Great Opportunity in University Heights/Newark Two-Unit Property Ideal for Lease-to-Own, Purchase or Investment Attractive two-family gated house available on quiet block with direct access to University Hospital/NJIT/Rutgers/Seton Hall School of Law. A perfect fit for medical professionals (great office space) or educators. House is currently rented with month-to-month leases. Right in the heart of Newark’s building boom. Motivated seller due to job relocation out-of-state. Commute is now three hours. Sold As Is. Specifications of each unit: 1250 square feet 3 Bedrooms/2 Baths (one in master bedroom) Bay Windows with excellent sunlight Hardwood Floors Large walk-in closets (Three on first floor, two on second floor) Extra storage space Washer/dryer/refrigerator The two units share: Two-car garage Yard + House on 25x100 Lot Night sensor lights for front drive and entrance ADT Home Security System (transferable to new owner’s account) Seven security cameras cover inside and outside Excellent and sturdy structure Financials: Total current rents = $3050 Tenants are month-to-month, below market rate. New owner, new leases! Total Annual Taxes = $7,000 Landlord’s share of Water Bill and Common Utilities = $120/month Property: Property purchased brand new—an eight-month build new construction from March 2018 in time for closing, November 2008 Overall structure and interior still like new New Water Tanks Foundation in tact Central air and heat Excellent shopping: Shop-Rite and Whole Foods (nearby) Rite-Aid and IHOP, steps from the front door. Easy commute to NYC. New Construction planned for the block directly behind the property to be completed within one year. Property values are set to rise. Get in soon. OCCUPIED. PLEASE DO NOT DISTURB TENANTS. Serious inquiries please drive by first, then call for Open House appointment. Contact Owner Nicoleedits@gmail.com 212-665-4418 P.S. Don’t believe the hype! Water coming into the homes built after 1986 (which includes 155 Camden St. and most of our block) have not been affected by the latest news stories concerning repair of lead corrosion in City of Newark water. Visit http://www.newarkleadserviceline.com/
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