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53 Rose Ter Newark, NJ 07108

For Sale
$649,900

Three-unit property with strong cash flow potential in Newark.

Lot size:
0.08 Acres

Property Features for 53 Rose Ter

General Information

Lot size
0.08 Acres

Building Details

Year built
1930

Source: REDFIN CORPORATION Agent BRUNO NUNES

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Legal Triplex Investment Opportunity

This is a fully legal three-unit property, presenting an investment opportunity. The first and second floors each feature a three-bedroom, one-bathroom layout. The third floor offers a two-bedroom, one-bathroom unit. The property has low annual taxes of $6,600. There is additional basement space suitable for storage or extra income opportunities. On-street parking is available.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.2017489
Latitude
40.7267802

FAQs

What type of property is this?
Triplex - Three-unit property with strong cash flow potential in Newark.
Where is this triplex located?
The property is located at 53 Rose Ter Newark, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: - Fully legal 3-unit property, ideal for investment.; - Strong cash flow potential with units ready to be rented at market rates.; - Low annual taxes of $6,600.
More about this property
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