162 S 11th St
Newark City, NJ 07107
$595,000
Beds: 10
Baths: 4
Sq. Ft.: N/A
Type: House
Listing #3924976
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!
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
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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 November 21, 2024 7:01 PM ET
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