Courtesy of: VIVIAN D. KELLY, REAL, vivian@viviansellsnj.com
Courtesy of: VIVIAN D. KELLY, REAL, vivian@viviansellsnj.com
$895,000
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7 bed
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4.00 Bath (3 Full , 1 Half)
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Lot: 0.08 Acres
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Other
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$895,000
901-903 S 16Th St 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.
Courtesy of: VIVIAN D. KELLY, REAL, vivian@viviansellsnj.com
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