Listing Courtesy of: 347-819-1834 - ISAIAH SPRINGER - WEICHERT REALTORS
973-376-4545
$759,999
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167 S 11TH Newark, NJ 07107
Multi-Family
Residence
8
Beds
3
Baths
2,747
Sq. Ft.
Property Activity
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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 sp...acious 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
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MLS#
3905477
Property Type
Multi-Family
Bedrooms
8
Bathrooms
3 Full
Year Built
1920
Square Feet
2,747
sq. ft
Stories
3.0
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