Five-year-old two-family home, property is zoned for three units. This modern multi-unit offers both immediate rental income and future potential. This property is ideal for investors or owner-occupants. Tax abatement in place through June 2026, providing reduced expenses and more substantial cash flow. Recent construction offers low-maintenance living and future expansion potential. Unit 1 is vacant and includes access to the ground level, with 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. 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.
Property Features
Parking
Concrete
On Street
Oversized
Attached
Heating Information
Electric
Forced Air
Natural Gas
Utilities
Cable Available
Natural Gas Available
Cooling Information
Central Air
Water Features
Public
House Interior
Walk-In Closet(s)
Garage
1
School Information
School Information for 901-903 S 16Th St, Newark City, NJ 07108