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Incredible investment opportunity in the heart of University Heights, Newark! This package deal includes four fully occupied 3-family homes (total of 12 units) all located within the same block:1-37 Jay St (Block 2850 Lot 22)2-39 Jay St (Block 2850 Lot 23)3-46 Hudson St (Block 2850 Lot 33)4-46 Hudson St (Block 2850 Lot 35)The four properties are fully occupied with long-term tenants. All buildings are in good-average condition with low maintenance costs and low property taxes, making this a turnkey cash-flowing asset in one of Newark's fastest-growing neighborhoods.Attractive current gross income with further upside through rent optimization. Sold strictly as-is, this package is ideal for investors or 1031 exchange buyers seeking stability and scale. Cap rate to be calculated based on GOI.This is a rare chance to own a high-density, income-producing portfolio all in one block steps from universities, transportation, and new development.
| DAYS ON MARKET | 2 | LAST UPDATED | 4/18/2025 |
|---|---|---|---|
| YEAR BUILT | 1940 | COMMUNITY | Newark |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Newark |
|---|---|
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Electric, Natural Gas |
| LOT | 2178 sq ft |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 23403 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | Res |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with REALTY ONE GROUP LEGEND
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