473 Avon Ave

Welcome to this wonderful opportunity to own a well-maintained three-family home in the heart of Newark, NJ. This property offers a unique selling point - it comes with an assumable mortgage held by the current owner, making ownership transition smooth and hassle-free. The current mortgage is an FHA loan at 4.75% interest. That's right, if you qualified, you will not need to worry about today's market rates, saving you $350k+ over the length of your mortgage. Of course if you do not qualify or simply are not interested in this kind of deal, this positive-cash-flow property CAN BE YOURS through any loan you wish to use. About the house:This is a fully occupied 3-family home. Each unit has 3 bedrooms and 2 bathrooms, kitchen, living room, and master bedroom. There are 3 garages attached to the house you can use for extra income. The house has security cameras all throughout the perimeters, sprinkler system, separate utilities, owner only pays for water.