153 Stuyvesant Ave, Newark City, NJ, 07106-2509

Developer and investor alert! A rare, unique opportunity has presented itself with this property that sits on a huge lot, zoned R2 at almost 14,000 square feet. Perfect opportunity to develop the level lot that is behind the current garage structure and build up to 3 multi-family houses behind the existing house which was just renovated on the interior. The renovated house has new windows, plumbing, heating and electricity along with brand new appliances, granite countertops, smart home control and cameras. The renovations are meticulously done and would make a great property for a homebuyer or an investor looking to rent it out for monthly cash flow. There is plenty of room for parking with up to at least 20 spaces and the parking lot is perfectly situated if you were to build new houses in the back or possibly an apartment building. Currently the taxes are low at just under 5k. After visiting the house, be sure to walk to the back of the property and explore the vacant land which will give you the opportunity to see how big it really is back there and you will be able to visualize your future development project in the ever developing city of Newark. This property is close to Springfield Avenue, public transportation, downtown Newark, dining and shopping as well as just a few minute car ride to Newark airport. Don't let this opportunity pass, come take a look!