162 S 11th St
Newark City, NJ 07107
Price: $595,000
GSMLS: 3924976Type: Single Family
Style: Multi Floor Unit
Beds: 10
Baths: 4 Full
Garage: No
Year Built: 1882
Acres: 0.06
Property Tax: $6,550
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!
Rooms Sizes
Kitchen:
n/a
Dining Room:
n/a
Living Room:
n/a
Family Room:
n/a
Den:
n/a
Bedroom 1:
n/a
Bedroom 2:
n/a
Bedroom 3:
n/a
Bedroom 4:
n/a
Room Levels
Basement:
n/a
Ground:
n/a
Level 1:
4 Or More Bedrooms, Bath(s) Other, Den, Kitchen
Level 2:
4 Or More Bedrooms, Bath(s) Other, Den, Kitchen
Level 3:
2 Bedrooms
Level Other:
n/a
Room Features
Kitchen:
Eat-In Kitchen
Dining Room:
n/a
Master Bedroom:
n/a
Bath:
n/a
Interior Features
Square Foot:
n/a
Year Renovated:
2018
Basement:
Yes - Unfinished
Full Baths:
4
Half Baths:
0
Appliances:
Cooktop - Gas, Refrigerator
Flooring:
n/a
Fireplaces:
No
Fireplace:
n/a
Interior:
Carbon Monoxide Detector, High Ceilings, Smoke Detector
Exterior Features
Garage Space:
No
Garage:
None
Driveway:
None
Roof:
See Remarks
Exterior:
See Remarks
Swimming Pool:
No
Pool:
n/a
Utilities
Heating System:
Forced Hot Air, See Remarks
Heating Source:
Gas-Natural
Cooling:
See Remarks
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Services:
n/a
Lot Features
Acres:
0.06
Lot Dimensions:
25X100
Lot Features:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Application Fee:
n/a
Association Fee:
n/a
Fee Includes:
n/a
Amenities:
n/a
Pets:
n/a
Financial Considerations
List Price:
$595,000
Tax Amount:
$6,550
Land Assessment:
$31,300
Build. Assessment:
$144,400
Total Assessment:
$175,700
Tax Rate:
3.73
Tax Year:
2023
Ownership Type:
Fee Simple
Listing Information
MLS ID:
3924976
List Date:
09-19-2024
Days On Market:
4
Listing Broker:
KELLER WILLIAMS HUDSON VALLEY
Listing Agent:
Taylor J. Toney
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
