USANJNewark901 S 16Th St
901 S 16 Th St, Home with 6 bedrooms, 3 bathrooms and null parking in Newark NJ | Image 1
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$895,000

901 S 16 Th St, Newark, NJ

Real Estate

For Sale

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630
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 0
Lot Size 
Approx. Age 2020
MLS® Number 3981716

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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 with updated systems and modern finishes, and a prime Newark location near schools, shopping, major highways, and public transportation to New York City. This is a rare opportunity to purchase a low-maintenance property with existing rental income and significant upside for long-term value and appreciation.Show Description
MLS® Number3981716
Laundry Level
Central VacNo
FireplaceNo
Acreage0.08
ExteriorPatio, Privacy Fence
GarageYes
Approx. Age2020
Basement
Driveway2 Car Width, Additional Parking, Concrete, Driveway-Exclusive, Fencing, On-Street Parking
Garage Spaces
HeatHeat Source: Electric, Gas-Natural, Heating Type: 2 Units, Forced Hot Air
A/CCentral Air
Heating Fuel

Extras

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