This listing was posted on Americanlisted.
$299,000
32 Palm St, Newark, NJ 07106
Price:
$299,000
BR/BA:
5 BR, 4 BA
Location:
32 palm st, Newark, NJ
Description:
Won't last long! This beautiful 1Family property could be a fix and flip for investors or buy fix and hold for passive income. This property has an appraised ARV (After Repair Value) which we have the appraisal for $464,000. Over $164,000 in equity when you purchase it. Depending on your contractor you can spend $65,000 to $80,000 to renovate it based on what updates you prefer to do. This property is also borderline of South Orange New Jersey, which is a very upscale appreciating area. We predict values to go up another hundred thousand dollars within a year or two. Also, this property has the potential to be converted into a 2family property. 4bedrooms or 5 bedrooms, which will include the attic that's humongous, the basement also have plenty of overhead with a bathroom in there, 4 bathrooms can be placed in this property, bringing the value up even more. Adding Solar, energy to this property will bring the value up another 15%. Great deal won't last long taking the heights offers. if you need assistance with creating blueprints for renovations, or for the conversion of a two family, we can provide that service for extra fees.
Property Type:
Single-Family Houses
Posted:
February 25 2023 on Americanlisted
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More About this Listing: 32 Palm St, Newark, NJ 07106
32 Palm St, Newark, NJ 07106 is a Five Bedroom 4.5 Bath Single-Family Homes for Sale at 32 Palm St in Newark NJ. Find other listings like 32 Palm St, Newark, NJ 07106 and listings near 32 Palm St by searching Oodle Classifieds for Five Bedroom 4.5 Bath Single-Family Homes for Sale in Newark NJ.
32 Palm St, Newark, NJ 07106 is a Five Bedroom 4.5 Bath Single-Family Homes for Sale at 32 Palm St in Newark NJ. Find other listings like 32 Palm St, Newark, NJ 07106 and listings near 32 Palm St by searching Oodle Classifieds for Five Bedroom 4.5 Bath Single-Family Homes for Sale in Newark NJ.