167 S 11th

Newark City, NJ 07107


 

Price: $759,999

GSMLS:  3905477
Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 8
Baths: 3 Full
Garage: No
Year Built: 1920
Acres: 0.00
Property Tax: $7,898
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. Over A Five-year Period, 20 Percent Of The Loan Is Forgiven For Each Full Year In Which The Recipient Has Lived In The Home.municipal Employee Housing Assistance Program Goal Is To Encourage City Employees To Own Homes In Newark. It Provides $20,000 No-interest Forgivable Loans To Purchase A Home In Newark
General Info
Style:
3-Three Story
SqFt Building:
2,747
Total Rooms:
9
Basement:
Yes - Full
Interior:
See Remarks
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
n/a
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
See Remarks
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
3
Room Description:
See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
3
Room Description:
See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
3
Room Description:
See Remarks
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
See Remarks
Heating Fuel:
Electric
Cooling:
See Remarks
Water Heater:
See Remarks
Water:
Public Water
Sewer:
See Remarks
Utilities:
See Remarks
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$759,999
Tax Amount:
$7,898
Land Assessment:
$31,300
Build. Assessment:
$180,100
Total Assessment:
$211,400
Tax Rate:
0.10
Tax Year:
2022
Listing Information
MLS ID:
3905477
List Date:
05-31-2024
Days On Market:
111
Listing Broker:
WEICHERT REALTORS
Listing Agent:
Isaiah Springer
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008
Fax: (973) 598-1908


Shawn and Diane Fox