162 South 11th Street
Newark, NJ 07107
- 10 beds
- 4 baths
- 1980 build
- – on site
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
Last checked:
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Last updated Nov 13, 2024
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MLS# 24030423 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1980's
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Style:3 Family
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Sub Style:Mixedflr
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Exterior Finish:Other
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Basement:Unfinished
Interior
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# of Rooms:18
Location
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Area Name:Newark
The Property
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Lot Description:Regular
Listing Agent
- Contact info:
- Agent phone:
- (845) 639-0300
- Office phone:
- (845) 639-0300
Taxes
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Tax:$6,564
Beds
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Bedrooms:10
Baths
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Full Baths:4
The Listing
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Lifestyle:Close/Parks, Close/School, Close/Shopg, Close/Trans, 1st Flr Primary Bdrm
Heating & Cooling
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Heating & Cooling:Gas, Hot Air
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Cooling:Central Air
Utilities
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Utilities:Sep Gas
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/19/24
Sep 19, 2024
|
Listed / Active | NJMLS | $595,000 | 19.0% (6.0% / YR) |
|
7/23/21
Jul 23, 2021
|
GSMLS | $500,000 | -4.8% | |
|
4/28/21
Apr 28, 2021
|
GSMLS | $525,000 | 16.9% |
