South Jersey Real Estate Investors Association

This Property is Not Active


64 Milford Ave, Newark, NJ 07108

Multiple Family / 6 Bedroom(s) / 4 Bath(s)

Property Status:  Not Available | $460,000.00 (Wholesale) | 


Property Photos


A spacious 3-unit building located in the heart of Newark!


Property Status:
Not Available | $460,000.00 (Wholesale)
Property Details:
Multiple Family / 6 BR / 4 BA
Property Style:
3-Story
Year Built:
1952
Finished Sq Ft:
2,477
Basement:
Unfinished Basement
Owner / Agent:
Wholesale
Property Features:
Fireplace
Fenced Yard
Contact Info
THE CARDWELL THAXTON GROUP
(908) 456-1593

View on Individual's Website
Property Description:
Attention investors! Don't miss out on a fantastic opportunity to own a 3-unit building located at 64 Milford Ave, Newark, NJ. This property is already generating income with all three units currently occupied. The first floor unit, which is owner-occupied, will be vacated soon, providing an excellent chance to increase your rental income.

The first floor unit includes a cozy living/dining room, 2 bedrooms, a full bath, and a wood-burning fireplace. The second floor boasts a 2 bedroom, 1 bath unit with an additional set of rooms that can be converted into another 1 bedroom unit. On the third floor, you'll find another 2 bedroom, 1 bath unit. The first floor unit, which is owner-occupied, will be vacated soon, providing an excellent chance to increase your rental income.

The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major building components have been adequately maintained and are functionally adequate.

What's more, this building is in a prime location, with several new developments underway nearby. Down the street, 94 Milford is a 2-family with 8 bedrooms, 6 baths, and a finished basement that sold for $735k in Dec 2022. 92 Milford is currently under contract for $650k, and 88-90 Milford sold for $720k in Dec 2022. Across the street, 21 Milford is a 3-family, 8 bedroom, 3.5 bath property that is under contract. 23 Milford is a fully renovated colonial with 7 bedrooms and 3.5 baths that is also currently under contract.

So, if you're looking for a turnkey investment with great income potential and the possibility of increased value, look no further than 64 Milford Ave. Act now before it's too late!

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. South Jersey Real Estate Investors Association is not responsible nor will be held liable for the property or the information listed here.

South Jersey Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

Contact Us

South Jersey Real Estate Investors Association

PO Box 689
Marlton, NJ 08053
(856) 663-1133

Proud Chapter of National REIA

Follow Us


Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.

Disclaimer

www.SJREIA.org  (South Jersey Real Estate Investors Association) does not give legal, tax, economic, or investment advice. SJREIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   Poster may be selling their equitable interest in said property(s).

Copyright 2024 © South Jersey Real Estate Investors Association  All rights reserved.

This REIA Website is powered by: Real Estate Promo.