1. New Jersey
  2. Newark City
  3. 24 Willoughby St
$949,000

24 Willoughby St, Newark City, NJ 07112

  • 21 beds |
  • 8 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1927
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

Beautiful 4-Family Investment Opportunity in the Weequahic section of Newark! Discover this expansive side-by-side 4-family home, offering an exceptional investment opportunity in the desirable Weequahic section of Newark. Each of the 4 main units features 3 bedrooms and 1 bathroom, a large kitchen and a family room, all tastefully renovated in 2021 with newer roof, siding, and windows. The property also boasts two bonus units on the 3rd floor, each equipped with a kitchenette and full bathroom, plus a spacious basement with 7 additional rooms and 2 bathrooms, providing excellent flexibility for various uses. The property has abundant space in each unit with large bedrooms, high ceilings, large kitchens and generous sized living rooms. With a total of 21 bedrooms and 8 bathrooms across 6,952 square feet on a 50 x 100 lot, this property offers incredible versatility perfect for use as a short-term rental operation, or as a traditional multi-family investment with added income potential. Additional highlights include a backyard, proximity to transportation, shopping, dining, and schools, and the potential for strong rental returns in a high-demand area. Don't miss this rare opportunity to own a turnkey multi-family property with endless possibilities!

Listing Status:
Active
Listing Office:
RE/MAX FIRST REALTY II : 908-664-1500
MLS ID:
3985115
  • General: Fire ExtinguisherHigh CeilingsSee RemarksSmoke DetectorVinyl-Linoleum Floors
  • Basement: FinishedFull
  • A/C: Central Air
  • Heating: 2 UnitsCent Register HeatSee RemarksGas-Natural

This listing courtesy of RE/MAX FIRST REALTY II

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

G

George Washington Carver Elementary School

333 Clinton Pl, Newark, NJ, 07112

Grades PK-8

0.15 miles away

G

George Washington Carver Elementary School

333 Clinton Pl, Newark, NJ, 07112

Grades PK-8

0.15 miles away

W

Weequahic High School

279 Chancellor Ave, Newark, NJ, 07112

Grades 9-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.