9-11 Spencer Street, Newark, NJ 07106

$360,000 Asking Price

3 beds
2 baths

Newark Investment Opportunity! This residence features 3 bedrooms and 2 full bathrooms, providing ample space for comfort. Nestled in the charming Lower Vailsburg section, this colonial home offers a rare opportunity. As you enter the foyer, you are welcomed by a spacious living room and formal dining room, perfect for hosting gatherings or enjoying quiet evenings. Out the backdoor lies an expansive backyard, ready for your personal touch and TLC. Whether you're planning outdoor gatherings, gardening, or simply seeking a quiet retreat, this space offers endless possibilities.Additional features include a full basement and a detached two-car garage. The home is priced to sell as it was previously under contract for $450K, but the buyer could not perform. It needs some work, but with a few updates, the value can easily exceed $500K with less than $30-50K in renovations. This includes updating the basement, painting, and finishing the attic. There is also potential to add another bed


Features & Amenities

Interior

Basement:
Full,Prt Finished
A/C:
Gas,Radiators
Heating:
Gas,Radiators
Fireplace:
None

Exterior

General:
Vinyl
Style:
Colonial

Construction

General:
Other

Location

HOA Amenities:
None
County:
ESSEX

This listing courtesy of:
EXP Realty, LLC, Darrell Bailey

About Newark, NJ

Housing

Number of Units
118,077
Median Home Value
$265,182
Median Rent
$950

77.07% of housing units are renter occupied.

7.98% are vacant.

Commute

Car
57.07%
Public Transportation
23.37%
Walk to Work
5.03%
Work from Home
9.54%
Other
4.78%

The median travel time to work is 33 minutes.

People

Population
301,767
Median Age
34.80
Median Household Size
2.65

Education

High School
36.16%
Associate’s Degree
5.90%
Bachelor’s Degree
11.53%
Graduate Degree
4.80%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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