14-16 Scheerer Ave, Newark, NJ 07112

Property Description

Located in the desirable Weequahic neighborhood, this single-family residence offers tremendous upside for investors or owner-occupants looking to customize a home or house-hack. The home has 3 kitchens, 3 full bathrooms and 2 living rooms. The vacant first floor has already had some improvements, including fresh paint and offers a functional layout featuring a foyer, living room, two bedrooms, full bathroom, a kitchen with pantry a laundry hookup. The second floor includes three bedrooms, a full bathroom, an additional kitchen, and access to a walk-up attic with potential for expanded living space. The above-ground basement is currently occupied and includes an additional full bathroom. Ideally situated near Weequahic Park, public transportation, major highways, shopping, restaurants, schools, and houses of worship. The property is also just minutes from the exciting Lionsgate Studios development, bringing continued investment to the surrounding area. Property is being sold strictly AS IS.** Seller will make no repairs. Buyer is responsible for obtaining all required municipal inspections and certificates required to close. Cash or renovation loan financing is strongly preferred. Buyers are encouraged to perform their own due diligence regarding zoning, and future use. Don't miss this opportunity to unlock the potential this classic Newark Colonial has to offer!