167 South 11th Street
$759,999
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3
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Description
Welcome to an exceptional investment opportunity in the heart of Newark, NJ, offering both convenience and potential for value enhancement. This 3-family property is ideally located for commuters, with easy access to the highway, ensuring hassle-free travel for tenants. With two RECENTLY RENOVATED spacious 3-bedroom, 1-bathroom units and a charming 2-bedroom, 1-bathroom unit, this property presents a versatile rental opportunity. Currently boasting market rents , there's ample room for optimization....Welcome to an exceptional investment opportunity in the heart of Newark, NJ, offering both convenience and potential for value enhancement. This 3-family property is ideally located for commuters, with easy access to the highway, ensuring hassle-free travel for tenants. With two RECENTLY RENOVATED spacious 3-bedroom, 1-bathroom units and a charming 2-bedroom, 1-bathroom unit, this property presents a versatile rental opportunity. Currently boasting market rents , there's ample room for optimization. Upon delivery, one unit will be vacant, providing the perfect opportunity for immediate value addition and potential rent increase. Furthermore, one of the units merely requires slight updates, offering a straightforward path to enhancing its appeal and maximizing rental income. The 2-bedroom apartment, in particular, commands excellent rents, making it a lucrative asset within the property. Located in a thriving neighborhood with access to local amenities and transportation options, this property holds immense promise for investors. CLOSING COST PROGRAM The Closing Cost Program provides $20,000 no-interest loans to first-time homebuyers to purchase a home in Newark. 2/3 Units VACANT OCTOBER 2024
- Listed by ISAIAH SPRINGER • WEICHERT REALTORS
Property Details for 167 South 11th Street
Directions
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Days On Market197
LISTING UPDATED: 10/07/2024 02:30 PM
Property Details for 167 South 11th Street
Status | Active |
---|---|
MLS # | 3905477 |
Days on Market | 200 |
Taxes | $7,898 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / 3-Three Story |
Year Built | 1920 |
Lot Size | - |
County | Essex County |
Building Information for 167 South 11th Street
Stories-Residences3Year Built1920Building Size-Lot Size-
Property Information for 167 South 11th Street
Property History for 167 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 167 South 11th Street
Taxable ValueLand$31,300Additions$180,100Total$211,400
Tax Record2023$7,881 ($657 / month)
Home Facts
Beds0Total Finished SqFt2,747 SqFtAbove Grade Finished SqFt2,747 SqFtStories3Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1920CountyESSEXAPN14 01825-0000-00015
Schools near 167 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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