NJ > Newark City
Newark City, NJ 07107,162 S 11th St
Newark City, NJ 07107,162 S 11th St
Newark City, NJ 07107,162 S 11th St
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Steven Pagan

Steven Pagan

+1(609) 631-5668
$595,000
Est. payment /mo
10 Beds
4 Baths
2,613 Sqft Lot
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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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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 KELLER WILLIAMS HUDSON VALLEY
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Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and  homebuyers in finding their perfect piece of paradise in New Jersey. 

+1(609) 631-5668

steven.pagan@foxroach.com

352 Stokes Rd, Medford, NJ, 08055, USA

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