60 Vermont Ave Newark, NJ 07106

This large three-family property is located in Vailsburg and is suitable as a turnkey investment or for first-time homeowners looking to live in one apartment and collect rent. The first-floor apartment features three bedrooms, a new kitchen with a new stove, and new 1.5 bathrooms, along with a living room. The second-floor apartment includes three bedrooms, a new kitchen, a new bathroom, a living room, and a large front porch. The third-floor apartment offers one bedroom, an eat-in kitchen, a living room, and a bathroom. The first and second floors have new kitchen cabinets with quartz countertops and new bathrooms. The entire home has been freshly painted and features new flooring. Each apartment has separate heating, hot water, gas, and electric, except for the third-floor apartment, which is all-electric. A house meter is installed for the hallways and basement. The property includes a semi-finished basement with a laundry area, and the remaining part of the basement is framed and ready to be finished. There is no driveway. A new two-family home is planned for construction next door, and several new two- and three-family homes are under construction in the neighborhood.