About 162 S 11th St
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
Features of 162 S 11th St
| MLS® # | 24030423 |
|---|---|
| Price | $595,000 |
| Bedrooms | 10 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Type | 2-4 Family |
| Sub-Type | 3FAM |
| Style | MIXEDFLR |
| Status | ACTIVE |
Community Information
| Address | 162 S 11th St |
|---|---|
| City | Newark |
| County | ESSEX |
| State | NJ |
| Zip Code | 07107 |
Amenities
| Amenities | CLOSE/PARKS, CLOSE/SCHOOL, CLOSE/SHOPG, CLOSE/TRANS, 1ST FLR MBDRM |
|---|---|
| Utilities | SEP GAS |
| Features | NONE |
| Garages | NONE |
| View | NONE |
| Is Waterfront | Yes |
| Waterfront | NONE |
| Has Pool | No |
Interior
| Heating | GAS, HOT AIR |
|---|---|
| Fireplace | Yes |
| Fireplaces | NONE |
| Has Basement | Yes |
| Basement | UNFINISHED |
Exterior
| Lot Description | REGULAR |
|---|---|
| Construction | 1980'S |
Additional Information
| Date Listed | September 19th, 2024 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Taylor J. Toney |
|---|---|
| Office | Keller Williams Hudson Valley Realty |