162 South 11th Street
$595,000
10
4
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—
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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 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...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
- Listed by Taylor J. Toney • Keller Williams Hudson Valley Realty • (845) 639-0300
Property Details for 162 South 11th Street
Style
3 Family
Sub styleMixedflr
WaterfrontNone
GarageNone
Open Houses
Saturday, Nov 23rd
1:00 PM - 3:00 PM
LISTING UPDATED: 11/13/2024 09:01 AM
Property Details for 162 South 11th Street
Status | Active |
---|---|
MLS # | 24030423 |
Days on Market | 59 |
Taxes | $6,564 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / 3 Family |
Year Built | - |
Lot Size | 0.06 AC / 2,500 SF |
County | Essex County |
Building Information for 162 South 11th Street
Stories-Residences-Year Built-Building Size-Lot Size0.06 AC / 2,500 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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