Warren Buffet once said, “Never depend on a single income, make an investment to create a second source.” Here is your investment opportunity to have 2-5 income sources - Welcome to 5 Saint Charles Street, Newark NJ 07105! This modern Two Family Residence has everything to be your new home and more! The First Floor Unit has 3 Bedrooms [One Master Suite with Master Bathroom & Walk-in Closet], 2 Full Bathrooms, 1 Powder Room, a Living/Dining Room Combo, 2 Balconies and a modern Kitchen with Stainless Steel Appliances. The Second Floor Unit has 3 Bedrooms [One Master Suite with Master Bathroom & Walk-in Closet], 2 Full Bathrooms, a Living/Dining Room Combo, Balcony and Kitchen. Throughout the house, there is Hardwood and Tile flooring. There is Central A/C, Forced Heat and separate utilities for each unit. The ground level has a Recreation Area, large Laundry Room and 2 built-in Garages. There is also parking for 4 vehicles on the Paved Driveway. The exterior has fencing around perimeter, gardens throughout, Barbecue area and a Patio. The investment is made even sweeter with the potential to build a second structure on the property! There are approved plans to build a second structure next to the home consisting of a store front on the bottom and two apartments above with 2 Bedrooms, 1 Bathroom, Living/Dining Room Combo, Laundry Room and Kitchen in each unit! Only the future owner of this property can build this structure due to a 6 foot space requirement, but owner can accomplish with 3 feet available as per the City. All this is SUPER conveniently located in the Ironbound section of Newark. It is just 1.2 Miles from Newark Penn Station - UNBELIEVABLE! You can either owner occupy and collect multiple incomes or rent the whole investment and secure yourself with multiple rentals. Its your choice! DO NOT MISS THIS OPPORTUNITY!
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