24 Willoughby St new Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07112
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,952 sqft
Price per Sqft $136
Subdivision Weequahic
MLS Listing ID 3985115
Style Duplex-Side by Side, Fourplex
Bedrooms 21
Full Baths 8
Year Built 1927
Annual Tax Amount $10,709
Tax Year 2024
Lot Size 4,791 Sqft
Property Description
Beautiful 4-Family Investment Opportunity in the Weequahic section of Newark! Discover this expansive side-by-side 4-family home, offering an exceptional investment opportunity in the desirable Weequahic section of Newark. Each of the 4 main units features 3 bedrooms and 1 bathroom, a large kitchen and a family room, all tastefully renovated in 2021 with newer roof, siding, and windows. The property also boasts two bonus units on the 3rd floor, each equipped with a kitchenette and full bathroom, plus a spacious basement with 7 additional rooms and 2 bathrooms, providing excellent flexibility for various uses. The property has abundant space in each unit with large bedrooms, high ceilings, large kitchens and generous sized living rooms. With a total of 21 bedrooms and 8 bathrooms across 6,952 square feet on a 50 x 100 lot, this property offers incredible versatility perfect for use as a short-term rental operation, or as a traditional multi-family investment with added income potential. Additional highlights include a backyard, proximity to transportation, shopping, dining, and schools, and the potential for strong rental returns in a high-demand area. Don't miss this rare opportunity to own a turnkey multi-family property with endless possibilities!
Location
State NJ
County Essex
Zoning R3
Rooms
Basement Finished, Full
Interior
Interior Features Fire Extinguisher, High Ceilings, See Remarks, Smoke Detector, Vinyl-Linoleum Floors
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features None
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style Duplex-Side by Side, Fourplex
Schools
Elementary Schools G Carver
Middle Schools Weequahic
High Schools Weequahic
Others
Senior Community No