243 Ellis Ave, Irvington Twp, NJ, 07111

Location

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243 Ellis Ave, Irvington Township$550,000

Buyer Closing Credits

$6,531^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

Parking1 Car Width, Blacktop, Detached Garage, Oversize Garage

Garage3 spaces

HeatingBaseboard, Natural Gas

BasementYes

MLS #3907431

StatusActive

About 243 Ellis Ave

Welcome to a prime investment opportunity in Irvington, NJ! This multi-family property, with two legal units, holds enormous potential for investors. With some updates, this property can become a cash-flow powerhouse. Prime multi-family property features 4 bedrooms, and 3 bathrooms, three car garage and a driveway. Very spacious bedrooms for tenant comfort! The full basement is awaiting your finishing touches. This property is ideal for investors who are looking for substantial rental income or savvy homebuyers looking to house hack. Only 30 minutes from NYC. Imagine the rental income you could generate from two legal units plus the possibility of a basement apartment. Don't miss the chance to add this property to your rental portfolio. This multi-family qualifies for NJ's $22,000 down payment assistance and No Money Down mortgage programs.

Property Details

Property Features

Property Information:

Architectural Style: 2-Two Story

Listing Office:

Office Name: SIGNATURE REALTY NJ
Office Phone: (973) 921-1111

Interior Features

Interior Information:

Appliances: Microwave, Refrigerator
Basement: Yes

Bedroom and Bathroom Information:

Full Bathrooms: 3
Total Bedroom Count: 4

Exterior Features

Parking Information:

Garage Space: 3 spaces
Attached Garage: No
Parking: 1 Car Width, Blacktop, Detached Garage, Oversize Garage

Utilities

Utilities Information:

Heating: Baseboard, Natural Gas

Other

Directions Information:

Directions: Google Maps

Price Information

Listing Price Info

Price Summary:

List Price: $550,000

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Housing Market Comparison

See how this home compares to others in Irvington Township, NJ.

Irvington Township, NJ

City

Med. Sold Price

$406K

# of Sold Homes

243 Ellis Ave vs Irvington Township

162 DAYS ON ROCKET

$550,000

+$144K More

KEY TAKEAWAY

This property is $144K more than the Median Sold Price in Irvington Township, NJ.

Based on homes sold in October 2024

MLS Details

MLS Information:

MLS Number: #3907431

Listing Office:

Office Name: SIGNATURE REALTY NJ
Office Phone: (973) 921-1111

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Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 5:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

/10

Berkeley Terrace Elementary School
787 Grove St
Distance between this listing and this school0.13 miles
Public District Grades PK-5

/10

University Elementary School
1 University Pl
Distance between this listing and this school0.32 miles
Public District Grades PK-5

/10

Grove Street Elementary School
602 Grove St
Distance between this listing and this school0.37 miles
Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

43%

<35k

47%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

High School: 54%
Post Secondary: 46%

What types of families live nearby?

60%

Single, No Kids

24%

Single, with Kids

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 82%
Home Owners: 18%

How old are people in this area?

18%

<11 yrs old

12-17 yrs old

28%

18-34 yrs old

39%

35-64 yrs old

65+ yrs old

What do the neighbors do for fun?

Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)

Where do the neighbors shop?

H&M
Burlington
Foot Locker

Where do the neighbors go to eat?

Boston Market
White Castle
Little Caesars

What do the neighbors drive?

Honda
Kia
Dodge

What do the neighbors listen to?

Rhythmic Contemporary Hits
Urban Adult Contemporary

The neighbors living near this home have an average income of $40,816. Typical income of Irvington Township, NJ residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Irvington Township›07111›243 Ellis Ave

This home is located at 243 Ellis Ave in Irvington Twp, NJ and zip code 07111. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $550,000.

In October 2024, from all listings sold in Irvington Township, NJ there were more than 8 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price. The number of homes for sale in Irvington Township, NJ increased by 17.7% between September 2024 and October 2024.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Utilities

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

More Resources

More Homes For Sale in Irvington Township

Homes For Sale in Nearby Cities

Housing Market Reports in Essex County