Newark City, NJ 07112,24 Willoughby St
Newark City, NJ 07112,24 Willoughby St
Newark City, NJ 07112,24 Willoughby St
39
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$949,000
Est. payment /mo
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21 Beds
8 Baths
6,952 SqFt
New

24 Willoughby St Newark City, NJ 07112

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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


Garden State MLS(GSMLS)
Listed by RE/MAX FIRST REALTY II

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agent

Cristian Avila

Team Leader

+1(908) 265-9084

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24 Willoughby St