153-157 Stuyvesant Avenue, Newark, NJ, 07106

Developer and investor alert! A rare, unique opportunity has presented itself with this property that sits on a huge lot, zoned R2 at almost 14,000 square feet. Perfect opportunity to develop the level lot that is behind the current garage structure and build up to 3 multi-family houses behind the existing house which was just renovated on the interior. The renovated house has new windows, plumbing, heating and electricity along with brand new appliances, granite countertops, smart home control and cameras. The renovations are meticulously done and would make a great property for a homebuyer or investor looking to rent it out for monthly cash flow. There is plenty of room for parking with up to at least 20 spaces and the parking lot is perfectly situated if you were to build new houses in the back or possibly an apartment building. After visiting the house, be sure to walk to the back of the property and explore the vacant land to see the potential development opportunity.