NJ
Essex
Newark City
07103
472 S 16Th St
472 S 16Th St, Newark City, NJ 07103
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Listing Type
Multi Family
Listing Status
Active
17
$650,000

Home Details for 472 S 16Th St

Price
$650,000
Type
Residential Income
Bedrooms
9
Bathrooms
5.0
Square feet
4150
Year built
1915
Lot size acres
0.06
County
Essex
Total rooms
17
Garage
Basement
Full, Partially Finished, Walk-Out Access
Days on site
6
MLS Listing#
4011243
Property Description

3-Family Investment Property offering 9 bedrooms / 5 full baths. Renovated in 2019 with impeccable hardwood floors throughout. Separate utilities, including 3 individual HVAC systems. Semi-finished basement with separate entrance. All units have similar floor plans; However, units 2 and 3 come with primary bedrooms with en-suite / private baths. Kitchens are generously sized with expansive cabinetry and ample countertop space, featuring true eat-in layouts that accommodate dining areas. All five bathrooms include shower stalls and soaking tubs. Basement is standing height, full size, and offers substantial space with potential for additional use. The current rent roll is $5,400 per month; however, projected market rents support approximately $7,500 per month, equating to $90,000 annually. With annual taxes of approximately $6,026 the property offers strong income potential and significant upside for improved cash flow and return on investment. Proximity to NYC trains and buses. Approximately 7 minutes to Newark International airport and 20 minutes to Midtown NYC

Property Features
  • Basement
    • Full
    • Partially Finished
    • Walk-Out Access
  • Heating Information
    • Forced Air
    • Natural Gas
  • Utilities
    • Cable Available
    • Natural Gas Available
  • Water Features
    • Public
  • Parking
    • On Street
Listing Courtesy: COLDWELL BANKER REALTY - 973-378-8300
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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