Home for Sale at 162 S 11th St in Newark City, NJ for $595,000

Listing data updated November 7, 2024 - 2:44pm
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162 S 11th St | Newark City

$595,000 | 10 Beds | 4 Baths (4 Full)

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! GSMLS 3924976

Directions to property: Property located off Central Avenue

MLS Listing ID: 
GSMLS 3924976
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$595,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Detached
Primary Market Area: 
Newark City
Address: 
162 S 11th St, Newark City, NJ 07107, U.S.A.
County: 
Essex
Latitude: 
40.7487100
Longitude: 
-74.1975900
Directions: 
Property located off Central Avenue
Public Remarks: 
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!
Building Details
Details about the building on a property.
Architectural Style: 
Multi Floor Unit
Year Built: 
1882
New Construction: 
0
Basement: 
Unfinished
Interior: 
Carbon Monoxide Detector, High Ceilings, Smoke Detector
Fireplaces: 
No
Construction
Roof: 
See Remarks
Exterior: 
See Remarks
Energy Information: 
Gas-Natural
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
18
Total Bedrooms: 
10
Total Bathrooms: 
4
Total Full-Bathrooms: 
4
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Hot Air, See Remarks
Heating System Fuel: 
Gas-Natural
Cooling System: 
See Remarks
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.06
Lot Size (Dimensions): 
25X100
Waterfront: 
0
Lot Features
Driveway: 
None
Parking Type: 
None
Total Parking Spaces: 
0
Garage: 
None
Pool: 
No
Fence: 
No
Public Record
Parcel Number: 
1614-01826-0000-00058-0000-
Lot Number: 
58
Annual Tax: 
$6,550.00
Contract Details
Details about the listing contract.
Possession: 
POT
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
KELLER WILLIAMS HUDSON VALLEY

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