Courtesy of: Vivian D Kelly, Real Broker, LLC, vivian@viviansellsnj.com
Courtesy of: Vivian D Kelly, Real Broker, LLC, vivian@viviansellsnj.com
$895,000
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7 bed
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5.00 Bath (4 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 Street 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.
Courtesy of: Vivian D Kelly, Real Broker, LLC, vivian@viviansellsnj.com
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