$264,900

Investor Special: High-Yield Renovation Opportunity in Newark! Attention investors and handy buyers! Unlock immense equity and cash flow potential with this classic six-room, three-bedroom, one-bathroom Colonial situated on a 25 x 100 lot. If you are looking for your next great income producer or a rewarding flip project, this property is priced perfectly for an investor or a handy person using cash or renovation financing. The home features incredibly low carrying costs with property taxes under $1,100 yearly, maximizing your bottom line and future rental yields. Please note that the property requires substantial repairs and a total renovation, providing the perfect blank canvas to build it out exactly to your standards in a highly active sub-market with robust buyer demand.The property is currently vacant, boarded safe, and easy to show. Investment opportunities with carrying costs this low do not last long in this competitive market, so bring your contractor, bring your vision, and act now before it's gone!