162 S 11th St Open House Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07107
OPEN HOUSE
Sat Nov 23, 1:00pm - 3:00pm
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
Parking Type None
Building
Sewer Public Sewer
Water Public Water
Architectural Style Multi Floor Unit
Others
Senior Community No
Ownership Fee Simple