167 S 11th
Newark City, NJ 07107
Price: $759,999
GSMLS: 3905477Type: 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. 2/3 Units Vacant October 2024
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:
168
Listing Broker:
WEICHERT REALTORS
Listing Agent:
Isaiah Springer
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
