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$595,000

Est. payment - /mo

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10 BD

4 BA

2,613 Sqft Lot

Open 1/5 1PM-3PM

162 S 11th St Newark City, NJ 07107

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Christina "Chrissy Keys" Gelpi

chrissy@chrissykeys.com +1(732) 485-9393

OPEN HOUSE

Sun Jan 05, 1:00pm - 3:00pm

UPDATED:

12/03/2024 07:04 PM

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

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

Newly Back on Market! Exceptional Investment Opportunity in NewarkJust 15 minutes from the Prudential Center and conveniently located near public transportation, this two-family home offers unbeatable potential. Whether you're a seasoned investor or new to real estate, this property provides substantial returns with over $60,000 in annual rental income and a lucrative bonus unit.Property Highlights:Brand New Roof with a 10-year warranty for peace of mindThree Spacious Units:4-bed/1-bath- vacant4-bed/2-bath- tenant2-bed/1-bath- bonus spacePrime Location just minutes from transportation, shopping, dining, and entertainmentLaundry Facilities on-site for tenant convenienceStrong Rental History with steady cash flowGreat Location close to Newark?s thriving business district and cultural landmarksWith its ideal layout and high-demand location, this property offers impressive returns for investors looking to capitalize on a growing market. Whether you're seeking to expand your portfolio or enter the world of real estate investing, this home provides both value and versatility. Don?t miss out on this rare opportunity to secure a prime piece of Newark real estate.

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

Parking Features None

Utilities Available Gas-Natural

Roof Type See Remarks

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

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Christina "Chrissy Keys" Gelpi

Agent | License ID: 1329223

+1(732) 485-9393