Property
Newark City, NJ 07107 38 11Th Ave
$725,000
9 more
Presented By: EXCLUSIVE PROPERTIES REALTY LLC; 201-796-7777
Beds • 9
Baths • 4
Home Details
Great Investment Opportunity! This fully leased, income-producing 3-family home is located in a desirable Newark neighborhood and was completely updated and renovated just 5 years ago. Well maintained and fully occupied with reliable tenants, this property offers strong rental income and long-term potential. The first floor features a spacious 4-bedroom, 2-bathroom unit, while the second floor is split into two well-laid-out units one with 3 bedrooms and 1 bath, and the other with 2 bedrooms and 1 bath. Each unit has been modernized with quality finishes and thoughtful updates throughout. All utilities separate. A turnkey property with immediate cash flow in a prime location close to transportation, schools, shopping, and more. This is a must-see for any serious investor!
Presented By: EXCLUSIVE PROPERTIES REALTY LLC; 201-796-7777
Interior Features for 38 11Th Ave
Bedrooms
Total Bedrooms9
Unit 1 Beds Total4
Unit 2 Beds Total2
Unit 3 Beds Total3
Bathrooms
Half Baths0
Unit 1 Baths Total2.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent2600
UnitType2TotalRent1600
UnitType3TotalRent1800
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipRange/Oven - Gas, Refrigerator
Unit 2 Appl/EquipRange/Oven - Gas, Refrigerator
Unit 3 Appl/EquipRange/Oven - Gas, Refrigerator
BasementFull, Unfinished
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms7
Unit 3 Rooms6
Unit 3 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room
Unit 1 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room
General for 38 11Th Ave
Architectural Style2-Two Story
CoolingNone
CountyEssex
DirectionsCorner of 11th Ave and S Sixth St
DriveOn-Street Parking
EasementNo
Full Baths4
Gross Income72000
Heating3 Units, Baseboard - Hotwater
Net Operating Income59000
Number Of Units Total3
Open Parking Spaces3
Operating Expense13000
PossessionFlexible
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount11013
Tax Assessed Value289600
Tax Lot1
Tax Year2024
Total Rooms17
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Year Built1965
Exterior for 38 11Th Ave
Exterior DescriptionStucco
Lot Dimensions25X64
Lot Size Acres0.04
Water SourcePublic Water
Additional Details
Price History
Jenniffer Bravo Llerena
Associate