167 S 11TH Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07107
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,747 sqft
Price per Sqft $276
MLS Listing ID 3905477
Style 3-Three Story
Bedrooms 8
Full Baths 3
Year Built 1920
Annual Tax Amount $7,898
Tax Year 2022
Property 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
Location
State NJ
County Essex
Interior
Heating Electric
Cooling See Remarks
Exterior
Exterior Feature Aluminum Siding
Utilities Available See Remarks
Roof Type Asphalt Shingle
Building
Sewer See Remarks
Water Public Water