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Newark City,NJ 07104
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3986683
Style See Remarks
Bedrooms 7
Full Baths 4
Year Built 1920
Annual Tax Amount $6,514
Tax Year 2024
Lot Size 3,049 Sqft
Property Description
GREAT INVESTMENT OPPORTUNITY!! WELL MAINTAINED/ GOOD CONDITION FOUR FAMILY LOCATED IN THE CENTER OF NORTH NEWARK. Fully occupied and generating $5,575/month in rental income. Low property taxes make this an excellent investment opportunity. Units feature hardwood floors, high ceilings, a Huge living room/dining room, and are in good condition. Owner pays heat for Units 2,3, and 4 (avg. $200/month). Unit 1 has central A/C installed less than 5 years ago. Annual insurance $4,300. Strong cash flow with stable tenants in place. Convenient North Ward location near schools, shops, and transportation.
Location
State NJ
County Essex
Interior
Heating Gas-Natural
Cooling 1 Unit, Central Air, Wall A/C Unit(s), Window A/C(s)
Exterior
Exterior Feature Vinyl Siding
Utilities Available See Remarks
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water