316 16th Avenue Newark, NJ $ 525,000
316 16th Avenue
$ 525,000
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316 16th Avenue

Newark, NJ, 07103
$ 525,000
Bedrooms8 Baths5.0

Monthly Estimate*

$ 3,667

316 16th Avenue, Newark, NJ 07103 - Image 1
316 16th Avenue, Newark, NJ 07103 - Image 2

Multi-Family Home for sale in Newark, NJ

for $525,000 with 8 bedrooms and 5 full baths. This home was built in 2000.

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!!

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Multi-Family Contingent

Price

$ 525,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 8,293

Style

2 Family

Year Built

2000

Town/City

Newark

County/Region

Essex

MLS | Web ID

24003848

Features
Interior
Basement Finished
Total Bedrooms 8
Fireplace None
Basement Description Finished
Heating/Cooling Gas Hot Air
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Exterior
Waterfront None
Flood Plain None
Substyle Other
Exterior Finish Brick
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General
Laundry Y/N Basement Hook Ups
Area 0714
Style 2 Family
Miscellaneous None
Garage Attached
Status UNDER CONTRACT
Utilities Sep Elec Sep Gas Sep Heat Sep Water
Rooms 12
Views/Exposure None
Year Built 2000's
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* Excluded Features

Affordability Calculator

$4,358
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,667
Monthly Property Taxes
$691
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/7/2024$525,000 Listed Price

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316 16th Avenue, Newark, NJ, 07103 is a Multi-Family Home for sale at $525,000. 316 16th Avenue has 8 bedrooms, 5.0 baths, and was built in 2000. The property's zip code is 07103 which is in Newark, NJ