Properties

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.

Features

  • Heating System : Forced Hot Air, 3 Units
  • Cooling System : Window A/c(s)
  • Basement : Full, Bilco-style Door
  • Roof Deck : Asphalt Shingle
  • Parking : 4
  • Parking Description: 1 Car Width
  • Interior Features: Carbon Monoxide Detector, Security System, Smoke D
  • Tax Assessed Valuation: 162000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: NEW AND MODERN GROUP
  • Office MLS ID: 5845
  • Agent ID: 406382
  • Tax: 6039
  • Tax Year: 2023
  • Application Fee: $0

Multi-Family For Sale

For Sale
$749,999

279 Osborne Ter, Newark City, *

  • SQFT 45 Acre
  • Bedroom 10
  • Built Year 1921

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5318278
  • Price: $749,999
  • Bedrooms: 10
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1921
  • Year Built Description: Standing
  • Lot Area: 45 Acre
  • Status: Active
  • Days On Market: 34

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Osborne Ter
  • Street Number: 279
  • Street Direction: Lyons Place to Osborne Terrace
  • Floor Number: 0
  • Longitude: W75° 47' 26.1''
  • Latitude: N40° 42' 48.9''
  • Internet Display Address: Yes
Property