LOT SIZE 0.110 acres
MLS#4025869
STATUS
PROPERTY TYPELand - Multiple
Property 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!
Property Features
Property Type: Land - Multiple
Lot Size: 0.11 Acres
Taxes: $1,183
Feature Descriptions
Easement: No
Improvements: Shade Trees, Sidewalks, Utilities in Street, Utilities on Property
Lot: Level Lot, Open Lot, Possible Subdivision, Wooded Lot
Lot Dimensions: 0.11 acre(s)
Sewer: Public Sewer in Street, Sewer - Separate Tax
Site: Pastoral View, Storm Drainage, View, Water Access
Soil Type: Subsoil Unknown
Topography: Above Road, At Road Level, Level
Utilities: Cable TV, Electric, Gas, Street Lights
Water: Public Water on Property
Wooded: Yes
Local Schools
High School: CENTRAL
Middle School: 14TH AVE
Elementary School: 13TH AVE
Listed By / Shown By
Listed By
Agency Name: EXIT PLATINUM REALTY
Agency Contact: 973-413-4915
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 1,102.96 per month $888.00 Principal & Interest $98.58 Property Tax $116.38 Homeowner's InsuranceChange Payment Information
558 S 11th St | MLS# 4025869
This land located at 558 S 11th St, Newark, NJ 07103 is currently listed for sale with an asking price of $399,000. The property has approximately 0.11 Acres. Search Newark real estate on www.realtymark.net today.