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Patric Santo Pietro

[email protected] +1(732) 570-5442

$ 595,000

Est. payment -/mo

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Under Contract

162 S 11th St Newark City, NJ 07107

10 Beds

4 Baths

2,613 Sqft Lot

UPDATED:

10/15/2024 04:50 PM

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3924976

Style Multi Floor Unit

Bedrooms 10

Full Baths 4

HOA Y/N No

Year Built 1882

Annual Tax Amount $6,550

Tax Year 2023

Lot Size 2,613 Sqft

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 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!

Location

State NJ

County Essex

Rooms

Basement Unfinished

Kitchen Eat-In Kitchen

Interior

Interior Features Carbon Monoxide Detector, High Ceilings, Smoke Detector

Heating Gas-Natural

Cooling See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature See Remarks

Garage None

Utilities Available Gas-Natural

Roof Type See Remarks

Parking Type None

Building

Sewer Public Sewer

Water Public Water

Architectural Style Multi Floor Unit

Others

Senior Community No

Ownership Fee Simple

Listed by KELLER WILLIAMS HUDSON VALLEY

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

Patric Santo Pietro

162 S 11th St Newark City, NJ 07107

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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162 S 11th St