167 S 11TH
Newark City, NJ 07107
8 beds | #3905477
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. 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
Interior Details
- InteriorSee Remarks
Heating & Cooling
- HeatingSee Remarks
- Heating SourceElectric
Beds & Baths
- Bedrooms8
Property Details
- Exterior MaterialsAluminum Siding
- Exterior FeaturesSee Remarks
Parking
- Parking FeaturesSee Remarks
Construction Details
- Property TypeMulti-Family
- Basement DescriptionFull
- BasementYes
Condition
- Year Built1920
Material information
- RoofAsphalt Shingle
Utilities / Energy Details
- WaterPublic Water
- Sewer InformationSee Remarks
- Utility FeaturesSee Remarks
- Water HeaterSee Remarks
Other
- MLS #3905477
Location
Legal
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden
State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as
IDX Listing. Information deemed reliable but not guaranteed. The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Last Updated: . Source: GSMLS
Listing Courtesy
Listing Agent: ISAIAH SPRINGER (#398212), Phone: (347) 819-1834
Listing Office: WEICHERT REALTORS (#000619)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.