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The Mountaintop Group
157 Milford Ave, Newark City, NJ 07108
- $420,000
- 6
- BD
- 2
- BA
- List Price
- $420,000
- Days on Market
- 1
- Status
- ACTIVE
- MLS#
- 4058117
- Bedrooms
- 6
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size (Acres)
- 0.08
- Year Built
- 9999
Property Description
Welcome to 157 Milford Avenue, a two-family property generating $3,800 in monthly rental income, totaling $45,600 annually! Each unit features 3 bedrooms, 1 full bathroom, a living room, dining room, and kitchen. The first-floor unit was fully renovated in 2026 and is currently rented for $2,300/month under a one-year lease. The second-floor unit is rented for $1,500/month on a month-to-month basis, offering additional renovation and value-add potential. The unfinished basement includes plumbing hookups for a potential bathroom. The property also features a backyard with room for improvements and is situated on a dead-end street with street parking available. Property needs renovations and is being sold strictly AS IS. An excellent opportunity for investors looking to generate immediate rental income while building long-term equity through property improvements!
Additional Information
- Area
- Newark City
- Basement Desc
- Unfinished
- Utilities
- See Remarks
- Taxes
- $5,694
- Exterior
- See Remarks
- Water
- Public Water
- Basement
- Yes
- Cooling
- Window A/C(s)
- Roof
- See Remarks
- Show Address
- Yes
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Listing Courtesy Of REALTY ONE GROUP SUNRISE, Contact: 201-265-7000
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