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$ 895,000
Est. payment /mo
New
901903 S 16th Street Newark, NJ 07108
7 Beds
5 Baths
3,621 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Three Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,621 sqft
Price per Sqft $247
Municipality Newark (NEW)
MLS Listing ID 22524939
Bedrooms 7
Full Baths 4
Half Baths 1
Year Built 2020
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 35 x 100
Property Sub-Type Three Family
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Built in 2020, this modern multi-unit offers both immediate rental income and future potential. Currently configured as a legal two-unit and zoned with permits approved for three-unit use, this property is ideal for investors or owner-occupants. Unit 1 is vacant and includes access to the basement, which has the potential to be converted into a third legal unit with construction plans included. Unit 2 is tenant-occupied, generating $2,600 per month, including $100 for driveway parking. One year of tax abatement remains, providing reduced expenses and more substantial cash flow. Additional features include an oversized garage with off-street parking, newer construction w/updated systems and modern finishes, and a prime Newark location near schools, shopping & public transportation to NYC.
Location
State NJ
County Essex
Area Newark
Direction GPS
Rooms
Basement Other
Interior
Heating Forced Air
Cooling Central Air, 2 Zoned AC
Exterior
Garage Spaces 2.0
Private Pool No
Building
Water Public
New Construction No
Schools
Elementary Schools Ivy Hill
High Schools West Side
Others
Senior Community No
Tax ID 14-03012-0000-00037
Listed by Real Broker, LLC