162 S 11th St
Newark City, NJ 07107
$595,000
Beds: 10
Baths: 4
Sq. Ft.: N/A
Type: House
Listing #3924976
Newly Back on Market! Exceptional Investment Opportunity in NewarkJust 15 minutes from the Prudential Center and conveniently located near public transportation, this two-family home offers unbeatable potential. Whether you're a seasoned investor or new to real estate, this property provides substantial returns with over $60,000 in annual rental income and a lucrative bonus unit.Property Highlights:Brand New Roof with a 10-year warranty for peace of mindThree Spacious Units:4-bed/1-bath- vacant4-bed/2-bath- tenant2-bed/1-bath- bonus spacePrime Location just minutes from transportation, shopping, dining, and entertainmentLaundry Facilities on-site for tenant convenienceStrong Rental History with steady cash flowGreat Location close to Newark?s thriving business district and cultural landmarksWith its ideal layout and high-demand location, this property offers impressive returns for investors looking to capitalize on a growing market. Whether you're seeking to expand your portfolio or enter the world of real estate investing, this home provides both value and versatility. Don?t miss out on this rare opportunity to secure a prime piece of Newark real estate.
Property Features
County: Essex
Community Living: No
Latitude: 40.74871
Longitude: -74.19759
Directions: Property located off Central Avenue
Total Rooms: 18
Interior: Carbon Monoxide Detector, High Ceilings, Smoke Detector
Kitchen Description: Eat-In Kitchen
Has Fireplace: No
Number of Fireplaces: 0
Heating: Forced Hot Air, See Remarks
Heating Fuel: Gas-Natural
Cooling: See Remarks
Appliances: Cooktop - Gas, Refrigerator
Basement Description: Unfinished
Has Basement: Yes
Style: Multi Floor Unit
Siding: See Remarks
Roof: See Remarks
Sewer: Public Sewer
Water: Public Water
Utilities: Gas-Natural
Has Garage: No
Garage Spaces: 0
Driveway: None
Has a Pool: No
Lot Size: 25X100
Lot Size in Acres: 0.06
Garage Description: None
Property Type: SFR
Property SubType: Single Family
Year Built: 1882
Status: Active
Senior Community: No
Tax Amt / Rate / Rate Yr / Yr: 6550 / 3.728 / 2023 / 2023
Tax Year: 2023
Tax Amount: $6,550
$ per month
Year Fixed. % Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ |
Seller's Representative:
KELLER WILLIAMS HUDSON VALLEY
KELLER WILLIAMS HUDSON VALLEY
© 2024 Garden State MLS - Broker. All rights reserved.
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
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.
This information is being provided for Consumers? personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
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.
This information is being provided for Consumers? personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
GSMLS (Broker IDX) data last updated at December 22, 2024 12:25 AM ET
Real Estate IDX Powered by iHomefinder