NJ > Newark City
Newark City, NJ 07107,167 S 11TH
Newark City, NJ 07107,167 S 11TH
Newark City, NJ 07107,167 S 11TH
Newark City, NJ 07107,167 S 11TH
Newark City, NJ 07107,167 S 11TH
Newark City, NJ 07107,167 S 11TH
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Brenda Barzola-Diaz

Brenda Barzola-Diaz

+1(201) 850-0771
$ 759,999
Est. payment | /mo

8 Beds

3 Baths

2,747 SqFt

Save
$ 759,999
Est. payment | /mo
Save

8 Beds

3 Baths

2,747 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,747 sqft

Price per Sqft $276

MLS Listing ID 3905477

Style 3-Three Story

Bedrooms 8

Full Baths 3

Year Built 1920

Annual Tax Amount $7,898

Tax Year 2022

Property Description

Welcome to an exceptional investment opportunity in the heart of Newark, NJ, offering both convenience and potential for value enhancement. This 3-family property is ideally located for commuters, with easy access to the highway, ensuring hassle-free travel for tenants.With two RECENTLY RENOVATED spacious 3-bedroom, 1-bathroom units and a charming 2-bedroom, 1-bathroom unit, this property presents a versatile rental opportunity. Currently boasting market rents , there's ample room for optimization. Upon delivery, one unit will be vacant, providing the perfect opportunity for immediate value addition and potential rent increase.Furthermore, one of the units merely requires slight updates, offering a straightforward path to enhancing its appeal and maximizing rental income. The 2-bedroom apartment, in particular, commands excellent rents, making it a lucrative asset within the property. Located in a thriving neighborhood with access to local amenities and transportation options, this property holds immense promise for investors. CLOSING COST PROGRAM The Closing Cost Program provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. 2/3 Units VACANT OCTOBER 2024

Location

State NJ

County Essex

Rooms

Basement Full

Interior

Interior Features See Remarks

Heating Electric

Cooling See Remarks

Heat Source Electric

Exterior

Exterior Feature Aluminum Siding

Utilities Available See Remarks

Roof Type Asphalt Shingle

Building

Sewer See Remarks

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by WEICHERT REALTORS
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167 S 11TH