$ 595,000
162 S 11th St Newark City, NJ 07107
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 595,000
Est. payment /mo
Open Sat 1PM-3PM
162 S 11th St Newark City, NJ 07107
10 Beds
4 Baths
2,613 Sqft Lot
OPEN HOUSE
Sat Nov 23, 1:00pm - 3:00pm
UPDATED:
11/07/2024 12:35 PM
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3924976
Style Multi Floor Unit
Bedrooms 10
Full Baths 4
HOA Y/N No
Year Built 1882
Annual Tax Amount $6,550
Tax Year 2023
Lot Size 2,613 Sqft
Property Description
Discover unparalleled potential with this exceptional multifamily property situated in the vibrant heart of Newark. This legally approved two-family home, with a lucrative bonus unit, offers a remarkable investment opportunity with strong rental income prospects of over $60,000 annually. Property Highlights:Brand new roof with 10yr warrantyVersatile Layout: This property features three well-appointed units:Unit 1: Spacious 4-bedroom, 1-bathroomUnit 2: Generous 4-bedroom, 2-bathroomUnit 3: Comfortable 2-bedroom, 1-bathroomPrime Location: Conveniently located near public transportation and a laundry facility, ensuring high demand from tenants and ease of living. Strong Income Potential: With its ideal configuration and strategic location, this property is poised to deliver impressive returns. Whether you're an experienced investor or new to the real estate market, this property offers a fantastic opportunity to secure a high-yield asset in a dynamic and growing area. Don't miss your chance to capitalize on this prime investment!
Location
State NJ
County Essex
Rooms
Basement Unfinished
Kitchen Eat-In Kitchen
Interior
Interior Features Carbon Monoxide Detector, High Ceilings, Smoke Detector
Heating Gas-Natural
Cooling See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Garage None
Utilities Available Gas-Natural
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water
Architectural Style Multi Floor Unit
Others
Senior Community No
Ownership Fee Simple
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Listed by KELLER WILLIAMS HUDSON VALLEY