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874 S 16th St

Newark City, NJ 07108
  • $555,000
  • STATUS: Active Under Contract
  • ON SITE: 28 Days
  • MLS #: 3933690
UPDATED: 52 min ago
$555,000
  • 7
    BEDS
  • 0.07
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1906
County:
Area:

School Ratings & Info

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!

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-08T10:46:08.49.
www.pickpina.com/homes/157710215
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874 S 16th St Newark City, NJ 07108

  • Price: $555,000
  • Status: Active Under Contract
  • On Site: 28 Days
  • Updated: 52 min ago
  • MLS #: 3933690
7
Beds
5
Baths
0
½ Baths
0.07
Acres
1906
Built
County:
Essex
Area:
Newark City
Property 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!
Exterior Features

Approximate Lot Size 32.10X100 Exterior Description Wood Shingle Number Of Parking Spaces 2 Parking Driveway Description 1 Car WidthDriveway-SharedOn-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling None Heating Floor/Wall Heater Total Number Of Rooms 20 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigerator Unit1 Baths 2.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenKitchenLiving Room Unit1 Rooms 6 Unit1 Security Deposit 2700 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigerator Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenKitchenLiving RoomMaster Bedroom Unit2 Rooms 6 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 3 Unit3 Sq Ft 0

Property Features

Assessment Total 306100 Building Assessment 293800 Easement Yes Easement Description driveway Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 12300 Net Operating Income 0 Sewer Public Sewer Tax Amount 0 Tax Rate Amount 3.728 Tax Rate Year 2024 Tax Year 2023 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1800 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1800 Unit2 Security Deposit 2700 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 0 Unit3 Security Deposit 0 Utilities Gas-Natural Water Public Water Year Built Description Standing

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Jeanius Realty: 908-349-8770.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-08T10:46:08.49.
 
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Pina Nazario, Coldwell Banker Residential Brokerage
789 Clifton Avenue
Clifton NJ, 07013