162 S 11th St Newark City, 07107
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!
- Property TypeSingle Family Home
- NeighborhoodN/A
- CountyEssex
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site29 Days
- MLS StatusActive Under Contract
- MLS ID Number3924976
- Home Size Source N/A
- Year Built1882
- Lot Size0.06 Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Style Multi Floor Unit
- Construction See Remarks
- Parking None
- Sewer Public Sewer
- Basement Unfinished
- Acreage 0.06
- Water Public
- Property Sub Type Single Family Residence
- Garage Spaces 0
- Attached Garage No
Interior Features
- Cooling See Remarks
- Heating Heat Source: Gas- NaturalHeating Type: Forced Hot AirSee Remarks
- Appliances Cooktop - GasRefrigerator
- Interior Carbon Monoxide DetectorHigh CeilingsSmoke Detector
- Fireplaces 0
Exterior Features
- Roof See Remarks