130 Milford Ave, Newark City, NJ 07108

$750,000
9
BD
3
BA

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List Price
$750,000
Days on Market
1
Status
ACTIVE
MLS#
4052057
Bedrooms
9
Bathrooms
3
Full Baths
3
Lot Size (Acres)
0.05
Year Built
1902
County
Essex

Property Description

This legal 3-family home offers the kind of flexibility that appeals to both owner-occupants and investors looking for strong long-term potential in Newark. Each unit features 3 spacious bedrooms and 1 full bathroom, with every floor offering its own unique layout and feel. The 1st and 3rd floor units have been updated, while the 2nd floor was renovated approximately one year ago. The 1st and 2nd floor units also feature brand-new, beautifully updated bathrooms, adding fresh, modern finishes to two of the three apartments. Inside, the layouts feel practical and comfortable, with enough space for dining tables that actually get used, larger bedroom setups, and the kind of natural light that makes the mornings feel a little easier before heading out for the day. The top-floor unit has a long-term tenant already in place, offering added stability and immediate rental income. Conveniently located near major roadways, public transportation, parks, shopping, and local restaurants, this property offers the flexibility to occupy one unit while generating rental income from the others or add a solid multi-family asset to your investment portfolio. An unfinished basement provides additional storage and future possibilities to fit your needs.

Additional Information

Interior Features
Carbon Monoxide Detector, Fire Extinguisher, Security System, Smoke Detector, Tile Floors, Wood Floors
Garage
None
Exterior Features
Curbs, Partially Fenced
Heating
3 Units, Radiant - Hot Water
Cooling
None, WindowAC
Roof
Asphalt Shingle
Utilities
Electric, Gas-Natural
Water
Public Water
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy Of EXP REALTY, LLC, Contact: 973-544-8655