162 S 11th ST Under Contract Save Request In-Person Tour Request Virtual Tour
Newark,NJ 07107
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 24030423
Style 3 Family
Bedrooms 10
Full Baths 4
Annual Tax Amount $6,564
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 warranty Versatile Layout: This property features three well-appointed units:Unit 1: Spacious 4-bedroom, 1-bathroom Unit 2: Generous 4-bedroom, 2-bathroom Unit 3: Nice 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. Great Opportunity
Location
State NJ
County Essex
Area Newark
Interior
Heating Gas,Hot Air
Fireplaces Type None
Laundry None
Exterior
Exterior Feature Other
Garage None
Utilities Available Sep Gas
Waterfront Description None
View None
Building
Lot Description Regular