874 S 16th St
Newark City, NJ 07108
Price: $555,000
GSMLS: 3933690Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 7
Baths: 5 Full
Garage: No
Year Built: 1906
Acres: 0.07
Property Tax: $0
Description
Are You Looking For An Incredible Investment Opportunity Or A Multi-family Home With Income Potential? Look No Further! This Well-maintained, 3-family Property In The Heart Of Newark Offers The Perfect Balance Of Convenience, Space, And Value. Whether You're An Investor Or Looking To Live In One Unit While Renting Out The Others, This Property Has Endless Possibilities. Property Features:3 Separate, Spacious Units With Great Layouts- Large Living Rooms, Well-sized Bedrooms, And Plenty Of Closet Space. Fully Equipped Kitchens With Modern Appliances, Separate Utilities For Each Unit ? Easy Management And Cost Savings. Shared Driveway With 2 Car Garage, Plus Off-street Parking With Ample Space. Well-kept Interior & Exterior With A Welcoming Front Porch. Easy Access To Major Highways, Including I-78, Nj Turnpike, And Garden State Parkway. This Property Offers Strong Rental Potential, With Steady Demand For Quality Rental Units In The Area. Whether You're Expanding Your Real Estate Portfolio Or Looking For A New Place To Call Home, This Is An Opportunity You Don't Want To Miss!
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
20
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Wood Shingle
Lot Size:
32.10X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
1 Car Width, Driveway-Shared, On-Street Parking
Spaces Available:
2
Unit 1
Bedrooms:
3
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Master Bedroom
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Floor/Wall Heater
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$555,000
Tax Amount:
$0
Land Assessment:
$12,300
Build. Assessment:
$293,800
Total Assessment:
$306,100
Tax Rate:
3.73
Tax Year:
2023
Listing Information
MLS ID:
3933690
List Date:
11-09-2024
Days On Market:
5
Listing Broker:
JEANIUS REALTY
Listing Agent:
Veronica Fairweather
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: EdenLaneLiving.com
