REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Michael Dente • EXP Realty, LLC • (866) 201-6210
$ 579,900
Est. payment | /mo
7 Beds
3 Baths
$ 579,900
Est. payment | /mo
7 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID 24026668
Style 3 Family
Bedrooms 7
Full Baths 3
Annual Tax Amount $8,775
Property Sub-Type 3 Family
Property Description
Turnkey 3-Family Property in Newark This prime investment opportunity features two vacant units ready for new tenants and one unit requiring light cosmetic work. The property includes spacious three-bedroom, one-bath units on the first and second floors, along with a cozy one-bedroom, one-bath unit on the third floor. Recent updates include kitchen and bathroom renovations in 2019, as well as a new furnace. With a projected net operating income of $77,256 and a cap rate exceeding 10%, this property offers exceptional cash flow potential.
Location
State NJ
County Essex
Area Newark
Interior
Heating Hot Air, Other Fuel Source/See Rmks
Fireplaces Type None
Laundry None
Exterior
Exterior Feature Aluminum
Parking Features O/See Remk
Utilities Available O/See Rmks
Waterfront Description None
View None
Building
Lot Description Regular
Architectural Style Other
Others
Ownership Private
Miscellaneous None
NEARBY SCHOOL & BUSINESS
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
