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$ 749,999
Est. payment /mo
New
279 Osborne Ter Newark City, NJ 07112
10 Beds
3 Baths
2,285 SqFt
UPDATED:
12/17/2024 09:31 PM
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,285 sqft
Price per Sqft $328
MLS Listing ID 3938383
Style 3-Three Story, Triplex
Bedrooms 10
Full Baths 3
Year Built 1921
Annual Tax Amount $6,039
Tax Year 2023
Lot Size 4,356 Sqft
Property Description
Welcome to 279 Osborne Terrace, a remarkable investment opportunity nestled in the heart of Newark, NJ. This 3-family home boasts 10 bedrooms and 3 bathrooms across its impressive 4500 square foot lot. Each of the three units, comprising a 4-bedroom and two 3-bedroom apartments, has been completely renovated in 2020, offering a fresh and modern living space. This property is perfectly poised for both long-term leasing and short-term rental opportunities, fully compliant with local short-term rental regulations. Whether you're looking to cater to long-stay tenants or capitalize on the lucrative short-term rental market, 279 Osborne Terrace is an investor's dream. Tenants will appreciate the autonomy of separate heating, ensuring personal comfort and expense control. The residence also features a spacious driveway with 4 parking spaces and a 2-car garage, a delightful backyard for leisure, and a full basement for additional storage or potential expansion. With its new siding and less than 3 miles proximity to Newark airport, this house is an attractive prospect for commuters and travelers alike. Seize the chance to own this versatile property; it's not just a home, it's a smart financial move. This home has no leases, no tenants, and will be delivered completely vacant.
Location
State NJ
County Essex
Rooms
Basement Bilco-Style Door, Full
Interior
Interior Features Carbon Monoxide Detector, Smoke Detector
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features Detached Garage
Garage Spaces 2.0
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story, Triplex
Others
Senior Community No
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Listed by REAL