Weequahic Section of Newark, New Jersey shows multifamily stability on the westside for the month of July, with only five multifamily properties for sale and only one closed sale.
While property values have taken a hard tumble here in New Jersey, areas such as Weequahic have been hit especially hard and the price points demonstrate the point.
Short sales and foreclosures are predominant. Thereby creating an opportunity for an owner occupant or investor. two family properties range from $75,000 to $150,000, with the average being around $112,500. The average days on market is around 86 days. There is one four family with two bedrooms each listed for $89,100.
Interest rates are at an all time low making real estate investment extremely affordable. Weequahic Section of Newark, New Jersey shows stability on the westside and you could be the proud owner of one of the limited properties available for sale.
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