973.595.1500
157 Milford Ave Newark City 07108-2712
$420000

Details

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!

Basic Information

County : Essex
Style :
Rooms : 15
Bedrooms : 6
Full Baths : 2
Half Baths : 0
Total Baths : 2
LotSize : 25X132.1
Acres : 0
Living Room Level :
Dining Room Level :
Kitchen Level :
Bedroom 1 Level :
Bedroom 2 Level :
Bedroom 3 Level :
Bedroom 4 Level :
Basement/Description :
Garage :
HeatSource :
Heat System :
Cooling System :
Water :
Sewer :
Utilities :

Additional Information

Tax Amount : 5694
Tax Year : 2025
Association Fee :
Grade School :
Middle School :
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