$749,999
For Sale

279 Osborne Ter

Newark City, NJ 07112
Browse 31 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

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.

  • Interior Details
      • InteriorCarbon Monoxide Detector, Security System, Smoke Detector
    • Heating & Cooling
      • Heating3 Units, Forced Hot Air
      • Heating SourceGas-Natural
    • Beds & Baths
      • Bedrooms10
  • Property Details
      • Exterior MaterialsVinyl Siding
    • Parking
      • ParkingDetached Garage
      • Parking Features1 Car Width
      • Parking Spaces2
  • Construction Details
      • Basement DescriptionBilco-Style Door, Full
      • Property TypeMulti-Family
      • BasementYes
    • Condition
      • Year Built1921
    • Material information
      • RoofAsphalt Shingle
  • Utilities / Energy Details
      • Utility FeaturesElectric, Gas-Natural
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Water HeaterGas
  • Other
      • MLS #3928825

Location

Julio GallardoReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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