
Package (Avon Properties)
Newark, New Jersey
466, 493., 499 Avon Ave | 3 Properties, 5 Units
Asking Price: $347,000
After Repair Value: $945,000
Repair Estimate: $300,000
Estimate Gross Profit: $298,000
Legal Units: 5 (3 Family, plus 2 Row Houses)
Property Taxes: Pending City assessment
Town Website: Newark, NJ
Description: 3 Properties. Each property in need of full (gut) renovations. First property is a 3-family with 6 beds and 3 baths, and each Row House has 3 beds and 1 bath. Properties are part of a City redevelopment sale and must be fully rehabbed with permits and a CO in order to resell by Order of City of Newark. Cash Buyers or some Hard Money lenders only.
$445,000 466 Avon Ave Appraised 10/2020
$240,000 493- Avon Ave Appraised 10/2020
$240,000 499 Avon Ave Appraised 10/2020
$945,000 Total Appraised 10/2020
UNDER CONTRACT
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