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Discover a prime investment opportunity in Newark with this meticulously maintained 16-unit apartment building. Featuring a compelling 5% Cap rate and full occupancy, this four-story multi-family brick building offers a diverse mix of units: 12-two bedroom, 3-three bedroom, and 1-one bedroom apartments. Each unit includes an eat-in kitchen, spacious living room, and bathroom, ensuring comfortable living spaces for tenants.Located in a sought-after neighborhood known for its convenience and accessibility, this property is poised to deliver steady rental income and potential for future appreciation. Recent maintenance and upgrades enhance the building's long-term profitability.With ample room for appreciation, don't miss out on investing in this thriving Newark community. Schedule a tour today to seize this lucrative opportunity and secure your place in Newark's dynamic real estate market.
| DAYS ON MARKET | 9 | LAST UPDATED | 6/19/2024 |
|---|---|---|---|
| YEAR BUILT | 1989 | COMMUNITY | Newark |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Newark |
| CONSTRUCTION | Brick |
| HEAT | Electric, Forced Air, Natural Gas |
| LOT | 5227 sq ft |
| SEWER | Public Sewer |
| STORIES | 4 |
| TAXES | 23560 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | - |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with SIGNATURE REALTY NJ
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