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๐Ÿ˜ Founder of @dasilvateamnj
๐Ÿ“ No. 1 Real Estate Team in Newark, NJ
๐Ÿก SIX YEARS ๐Ÿก
๐Ÿ› ๏ธ FLIPPING
๐Ÿ“– Teaching RE
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$35,000 down could get you this ๐Ÿ‘€๐Ÿก

This is not your typical new construction. Custom built from the ground up in Essex County: 7 bedrooms, 5 bathrooms, and about 4,000 sq ft. Brand new, never lived in, and move-in ready. Listed at $999,999.

What makes it different:
โœจ Cathedral ceilings and exposed ductwork in the second-floor unit
๐Ÿงบ A laundry room on every floor (3 total)
๐Ÿณ 2 kitchens plus a wet bar on the ground floor
๐Ÿ’ฐ 5-year tax abatement, meaning lower property taxes for your first 5 years
๐Ÿ”‘ 30-year rent control exemption, so your rents arenโ€™t capped by local rent control
๐Ÿ› ๏ธ 10-year new home warranty

So how does $35K get you a $1M home? With an FHA loan, you can put as little as 3.5% down on a 2โ€“4 unit home, as long as you live in one of the units. On this property, thatโ€™s about $35,000.

Live in one unit, rent out the other, and let your tenant help pay your mortgage. Lenders can often count part of that rent toward what you qualify for.

๐Ÿ“ Essex County 

Come see it before someone else makes it their home. DM me โ€œMOVEโ€ for the address, the numbers, or a private showing ๐Ÿ”‘

3.5% is the minimum down payment with FHA for owner-occupants. Closing costs are additional, and approval depends on credit, income, and lender guidelines. Speak with a lender for your exact numbers.
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#essexcountynj #njrealestate #newconstruction #multifamilyhome #househacking
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Listing by Da Silva Team โ€ผ๏ธ For more details on this home and other multi-families similar, you know where to go. Call us or reach out to me directly
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Your workspace should give you more than a desk.

๐Ÿ“142 Lafayette St
๐Ÿš‰ 2 blocks from Newark Penn Station

Come see it for yourself.
Book a tour at the link in our bio.

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#BRICK142 #NewarkNJ #NewarkBusiness #Ironbound #NewarkEntrepreneurs
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