Description
PRIME OPPORTUNITY IN ONE OF NEWARK'S FASTEST-GROWING, IMPRESSIVE, SIGNIFICANT NEIGHBORHOODS, SURROUNDED BY AN ONGOING RESIDENTIAL SINGLE AND MULTI-FAMILY CONSTRUCTION DEVELOPMENT WITH RISING PROPERTY VALUES. THIS RESIDENTIAL BUILDING LOT WILL BE DELIVERED COMPLETELY READY TO BE CLEARED, WITH FLOW TEST TO BE COMPLETE, AND PROPOSED ARCHITECTURAL MULTI-FAMILY PLAN, [WHICH IS CURRENTLY BEING DESIGNED] FEATURES A PROPOSED IMPRESSIVE LAYOUT WITH 9 BEDROOMS, 6 FULL BATHROOMS, AND 3 SINGLE PARKING GARAGES! INTENTIONALLY DESIGNED FOR STRONG RENTAL INCOME AND LONG-TERM PROPERTY VALUE! BEST OF ALL, IMAGINE THE POSSIBILITIES THAT THIS EXPANSIVE VAST 4,725 SQUARE FEET RESIDENTIAL BUILDING LOT, WHICH IS NESTED IN A SERENE LOCATION, 558 - 562 SOUTH 11TH STREET, BOASTS A BEAUTIFUL PASTORAL VIEWS! THIS MAGNIFICENT LOCATION OFFERS UNIQUE OPPORTUNITIES TO CREATE AN EXQUISITE TRIPLEX RESIDENTIAL STRUCTURE WHICH INCLUDES PUBLIC WATER, NATURAL GAS, AND SEWER!. ALL AVAILABLE AT THIS BUILDING SITE! THE POTENTIALS HERE ARE VAST! MOST SIGNIFICANTLY, COMPARABLE 3-FAMILY RESIDENTIAL STRUCTURES IN THE AREA ACHIEVING ARV:S, [AFTER REPAIR VALUE], BETWEEN $1,000,000 AND $1,100,000. THIS IS A COMPELLING FINANCIAL OPPORTUNITY FOR INVESTORS AND GENERAL CONTRACTORS ALIKE!
Details
| MLS # | 4025869 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 153 |
| Listing Provided By | EXIT PLATINUM REALTY | MAUREEN PONCELET-DEL SOLE |
Features
| Zoning | MULT-IFAMILY |
|---|
Taxes
| Property | 1183 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07103 |
| Area | Essex |
| School District | CENTRAL |
| Elementary School | 13TH AVE |
| High School | CENTRAL |
| Listing VS Median (in 07103) | |
Price: $399,000 low | high Med: $2,350 On site: 153 low | high Med: 100.5 | |
Market Activity 07103
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07103 |
| Area | Essex |
| School District | CENTRAL |
| Elementary School | 13TH AVE |
| High School | CENTRAL |
| Listing VS Median (in 07103) | |
Price: $399,000 low | high Med: $2,350 On site: 153 low | high Med: 100.5 | |
