Newark, NJ 07108,901-903 S 16th ST
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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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901-903 S 16th ST Newark, NJ 07108

3,621 SqFt


UPDATED:

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
Ami Cruz

Ami Cruz

Broker Associate | License ID: 1860402

+1(908) 214-7351

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901-903 S 16th ST