167 S 11TH
Newark City, NJ 07107-3381
- 8 beds
- 3 baths
- – sqft
- 1920 build
- – on site
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
Last checked:
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Last updated Oct 7, 2024
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MLS# 3905477 —
The Building
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Construction Date/Year Built:1920
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Renovated Year:2023
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Unit Style:3-Three Story
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Roof Description:Asphalt Shingle
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Exterior Description:Aluminum Siding
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Basement:Yes
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Total # of Units:3
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Building SqFt:2,747 Sqft
Interior
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Total # of Rooms:9
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Interior Features:See Remarks
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Basement Description:Full
Location
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Directions:PLEASE USE GPS
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Latitude:40.74852
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Longitude:-74.19768
The Property
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Lot Identifier:15
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Approx Lot Size:2,747 Sqft
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Exterior Features:See Remarks
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Easements:No
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Assessment Land:31300
Listing Agent
- Contact info:
- Agent phone:
- (973) 921-1111
- Office phone:
- (973) 376-4545
Taxes
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Tax ID For Property:1614-01825-0000-00015-0000-
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Tax Year:2022
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Tax Rate Year:2022
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Tax Rate Amount:0.100
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Tax Amount:$7,898
Beds
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# of Bedrooms:8
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Unit 1 Bedrooms:3
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Unit 3 Bedrooms:2
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Unit 2 Bedrooms:3
Baths
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Total # of Baths:3.00
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Total # of Full Baths:3
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Unit 1 Baths:1.0
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Unit 2 Baths:1.0
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Unit 3 Baths:1.0
Heating & Cooling
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Cooling:See Remarks
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Heating:See Remarks
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Water Heater:See Remarks
Utilities
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Utilities:See Remarks
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Water:Public Water
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Fuel Type:Electric
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Sewer:See Remarks
The Community
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Assessment Total:211400
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Assessment Bldg:180100
Parking
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Parking/Driveway Description:See Remarks
Extra Units
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Unit 1 SqFt:2747
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Unit 2 SqFt:2747
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Unit 3 SqFt:2747
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Unit 1 Levels:1
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Unit 2 Levels:2
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Unit 3 Levels:3
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Unit 1 Rooms:3
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Unit 2 Rooms:3
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Unit 3 Rooms:3
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Unit 1 Handicap Modified:No
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Unit 2 Handicap Modified:No
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Unit 3 Handicap Modified:No
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Unit 1 Room Description:See Remarks
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Unit 2 Room Description:See Remarks
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Unit 3 Room Description:See Remarks
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Unit 1 Appliances/Equipment:See Remarks
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Unit 2 Appliances/Equipment:See Remarks
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Unit 3 Appliances/Equipment:See Remarks
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 |
|---|---|---|---|---|
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6/7/24
Jun 7, 2024
|
Listed / Active | GSMLS | $759,999 | |
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6/3/24
Jun 3, 2024
|
Coming Soon | GSMLS | $759,999 |
