House Description

Opportunity knocks in desirable Maplewood with this 2-family fixer-upper located on a corner lot with a double garage. Offering strong upside for investors, contractors, or owner-occupants looking to create value. This property offers approximately 2,100+ sq ft of living space and is currently configured with a 3-bedroom first-floor unit with the ability to convert into a 4 bedroom by converting the kitchen into a bedroom and having an open plan kitchen concept in the dining/living toom or the dining room into a bedroom. Large full basement with 2 additional rooms and the possibility to add a 3rd room, bathroom and a large recreational area. The second floor has a spacious 1-bedroom second unit with potential for a 2-bedroom reconfiguration. The home is dated and in need of repairs and updates throughout. This is an ideal project for a buyer with vision who can restore and reposition the asset for owner-occupancy, rental income, or long-term appreciation with an after repair value of $950K+. Conveniently located near Maplewood amenities, parks, shopping, dining, and commuter routes, this property offers a rare chance to unlock value in a highly sought-after Essex County location. The buyer is responsible for conducting their own due diligence and for complying with municipal requirements. Pls do not enter the property using the stairs from the front of the house. This property maybe eligible for a grant from our approved lenders.

Highlights

Listed by OLIVIER LOUIS , 908-664-1500 REMAX FIRST REALTY II , 908-664-1500. Hudson County Multiple Listing Service

Property Type

Multi-Family

County

Essex

Listing ID

260005769

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Payment Breakdown

Principal Interest

$3,308

Taxes

$414

Home Price

$650,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$130,000

Down Payment

Down Payment %

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Monthly Price:

$3,307.98

Principal

Taxes