NJ > Newark
Newark, NJ 07108,901-903 S 16th ST
Newark, NJ 07108,901-903 S 16th ST
Newark, NJ 07108,901-903 S 16th ST
Newark, NJ 07108,901-903 S 16th ST
Newark, NJ 07108,901-903 S 16th ST
Newark, NJ 07108,901-903 S 16th ST
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Jaynie Carlucci

Jaynie Carlucci

+1(908) 873-7306
$ 895,000
Est. payment | /mo

3,621 SqFt

Save
$ 895,000
Est. payment | /mo
Save

3,621 SqFt

Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,621 sqft

Price per Sqft $247

MLS Listing ID 2604868R

Year Built 2020

Annual Tax Amount $1

Tax Year 2023

Lot Size 3,497 Sqft

Acres 0.0803

Lot Dimensions 100.00 x 35.00

Property Sub-Type 2 Family

Source CJMLS API

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

Interior

Interior Features Unit 1(Dining Room, 4 Bedrooms, Kitchen, Laundry Hookup, 1 1/2 Baths, 2+ Baths, Den/Family Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, Laundry Hookup, 1 1/2 Baths, 2+ Baths, Den/Family Room)

Heating Forced Air

Cooling A/C Central - All, A/C Multi-Zone, Unit 1(A/C Central), Unit 2(A/C Central)

Window Features Screen/Storm Window

Appliance Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)

Heat Source Natural Gas

Exterior

Exterior Feature Patio, Screen/Storm Window, Yard

Garage Spaces 2.0

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Asphalt

Porch Patio

Building

Lot Description Near Shopping, Near Public Transit

Story 3

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 1403012000000037

Ownership Fee Simple

Energy Description Natural Gas

Central Jersey MLS (CJMLS)
Listed by REAL

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Jaynie Carlucci

Jaynie Carlucci

Agent | License ID: 1974183

+1(908) 873-7306

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901-903 S 16th ST