162 South 11th Street
$595,000
10
4
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Open: 11/23 01:00PM - 03:00PM
Description
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...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!
- Listed by TAYLOR J. TONEY • KELLER WILLIAMS HUDSON VALLEY
Property Details for 162 South 11th Street
Style
Multi Floor Unit
DirectionsProperty located off Central Avenue
Days On Market56
Primary StyleMulti Floor Unit
Open Houses
Saturday, Nov 23rd
1:00 PM - 3:00 PM
LISTING UPDATED: 11/07/2024 09:35 AM
Property Details for 162 South 11th Street
Status | Active |
---|---|
MLS # | 3924976 |
Days on Market | 60 |
Taxes | $6,550 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family |
Year Built | 1882 |
Lot Size | 0.06 AC / 2,613 SF |
County | Essex County |
Building Information for 162 South 11th Street
Stories-Year Built1882Building Size-Lot Size0.06 AC / 2,613 SF
Property Information for 162 South 11th Street
Property History for 162 South 11th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 162 South 11th Street
Taxable ValueLand$31,300Additions$144,400Total$175,700
Tax Record2023$6,550 ($546 / month)
Home Facts
Beds0Total Finished SqFt3,057 SqFtAbove Grade Finished SqFt3,057 SqFtStories3Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1882CountyESSEXAPN14 01826-0000-00058
Schools near 162 South 11th Street
This home is within The Newark Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 3 | |||
Public - | PK to 3 | |||
Public - | PK to 5 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Michelle Obama Elementary School PublicPK to 3 | ||
Sir Isaac Newton Elementary School PublicPK to 3 | ||
East Ward Elementary School PublicPK to 5 | ||
Sussex Avenue Elementary School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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