This multi-family property is available as a as-is deal at Merchant St. It has 5 bedrooms, 3 bathrooms, and 1,428 square feet of living space. Based on our analysis of the current market conditions in Newark for Merchant St and comparable listings, the estimated market value is $408,170. The property located at multi-family has potential equity of $2,330. If purchased for rental purposes, the monthly rental rate could range between $1,660 and $2,480. For those interested in resale, the estimated profit from selling is $2,330. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Merchant St are updated daily along with others in Newark, New Jersey.
The property located at Merchant St in Newark, NJ is listed as a As-Is DealThis is an inactive As-Is Deal listing located in Newark, New Jersey. Properties on static.foreclosure.com are typically available for deep discounts that can often reach 50 percent or more!
Properties that are labeled as "Deals" can be structured in a variety of ways depending upon the condition of the property and its title, and depending upon your own motivation. These properties are not necessarily in a foreclosure, preforeclosure, bankruptcy, etc. and may just be available for sale by the current owner. For the handy person who knows construction and remodeling, purchasing a 'fixer upper' and bringing it up to standards offers terrific potential for profit. Likewise, ‘as is’ properties offer no guarantee as to the condition of the property or its title, but can represent a unique opportunity for the real estate investor willing to make the effort to identify any hidden flaws and factor that into the purchase.
In each of these scenarios you still must perform your due diligence. Search for the property that suits you. Make a visual inspection of the property and neighborhood. Contact the person or entity that controls the property: Realtor, property owner, lender, or court appointed receiver. In your offer include all the conditions you need to protect yourself including inspections, appraisal, title search, responsibility for repairs, and satisfactory financing. Read and understand the appraisal, inspection reports, and title report. These items affect your bottom line when the transaction is completed.
The estimated rental value for Merchant St located in Newark, NJ is $2,070/month. Comparable homes around Merchant St that are rentals have monthly ranges starting as low as $1,660 per month and as high as $2,480 per month. An owner looking to use this property as an investment could bring a return in the area of $1,660 - $2,480 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
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