Skip To Content

316 16Th Ave

Newark City, NJ 07103
  • $525,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: 3885056
UPDATED: 45 min ago
$525,000
  • 8
    BEDS
  • 0.06
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2005
County:
Area:

School Ratings & Info

Description

Welcome to 316 16th Ave, Newark, NJ 07103 is an excellent investment opportunity in the University section of Newark. This new construction-style home offers modern amenities and a prime location, with 8 bedrooms, 5 bathrooms, and a bonus ground level. It also features a 1-car garage, providing ample parking options. The property is being sold with tenants in place, offering a lucrative opportunity for investors. The University section of Newark offers the amenities and vibrancy of city living, with easy access to educational and cultural institutions. The property is currently livable but requires some work, offering an opportunity for improvement and value appreciation. This rare investor special presents a rare opportunity to invest in one of Newark's most sought-after areas, offering a property with great potential and the convenience of being near transportation and the University section of the city.Come turn this house into your home before someone else does!!

Monthly Payment Calculator



Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Asset Property Solutions, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-28T17:46:51.477.
www.assetpropertysolutionsllc.com/homes/147369655
Print Image

316 16Th Ave Newark City, NJ 07103

  • Price: $525,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 45 min ago
  • ID#: 3885056
8
Beds
5
Baths
0
½ Baths
0.06
Acres
2005
Built
County:
Essex
Area:
Newark City
Property Description
Welcome to 316 16th Ave, Newark, NJ 07103 is an excellent investment opportunity in the University section of Newark. This new construction-style home offers modern amenities and a prime location, with 8 bedrooms, 5 bathrooms, and a bonus ground level. It also features a 1-car garage, providing ample parking options. The property is being sold with tenants in place, offering a lucrative opportunity for investors. The University section of Newark offers the amenities and vibrancy of city living, with easy access to educational and cultural institutions. The property is currently livable but requires some work, offering an opportunity for improvement and value appreciation. This rare investor special presents a rare opportunity to invest in one of Newark's most sought-after areas, offering a property with great potential and the convenience of being near transportation and the University section of the city.Come turn this house into your home before someone else does!!
Exterior Features

Approximate Lot Size 25 X 100 Exterior Description Brick Garage Description Attached Garage Number Of Parking Spaces 2 Parking Driveway Description See Remarks Roof Description See Remarks

Interior Features

Basement Yes Basement Description Finished Cooling Central Air Heating Forced Hot Air Total Number Of Rooms 12 Unit1 Appliances Equipment See Remarks Unit1 Baths 2.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsDining RoomKitchenLiving Room Unit1 Rooms 6 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment See Remarks Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomKitchenLiving Room Unit2 Rooms 6 Unit2 Sq Ft 0

Property Features

Assessment Total 222000 Building Assessment 190700 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 31300 Net Operating Income 0 Sewer Public Sewer Tax Amount 8293 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 0 Unit Style See Remarks Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit1 Rent 1350 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit2 Rent 1450 Unit2 Security Deposit 0 Utilities Gas-Natural Water Public Water Year Built Description Approximate

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams - Nj Metro Group: 862-213-0008.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Asset Property Solutions, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-28T17:46:51.477.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3885056-2.jpg
Logo
Asset Property Solutions, LLC
16 N Franklin Street, Suite: 108
Doylestown PA, 18901