38 11th Ave
Newark City, NJ 07107
Price: $725,000
GSMLS: 3955950Type: Multi-Family
Style: 2-Two Story
Total Units: 3
Beds: 9
Baths: 4 Full
Garage: No
Year Built: 1965
Acres: 0.04
Property Tax: $11,013
Description
Great Investment Opportunity! This Fully Leased, Income-producing 3-family Home Is Located In A Desirable Newark Neighborhood And Was Completely Updated And Renovated Just 5 Years Ago. Well Maintained And Fully Occupied With Reliable Tenants, This Property Offers Strong Rental Income And Long-term Potential. The First Floor Features A Spacious 4-bedroom, 2-bathroom Unit, While The Second Floor Is Split Into Two Well-laid-out Units One With 3 Bedrooms And 1 Bath, And The Other With 2 Bedrooms And 1 Bath. Each Unit Has Been Modernized With Quality Finishes And Thoughtful Updates Throughout. All Utilities Separate. A Turnkey Property With Immediate Cash Flow In A Prime Location Close To Transportation, Schools, Shopping, And More. This Is A Must-see For Any Serious Investor!
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
17
Basement:
Yes - Full, Unfinished
Interior:
n/a
Roof:
Flat
Exterior:
Stucco
Lot Size:
25X64
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
3
Unit 1
Bedrooms:
4
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant 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:
3 Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
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:
$725,000
Tax Amount:
$11,013
Land Assessment:
$25,200
Build. Assessment:
$264,400
Total Assessment:
$289,600
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3955950
List Date:
04-08-2025
Days On Market:
12
Listing Broker:
EXCLUSIVE PROPERTIES REALTY LLC
Listing Agent:
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
