Mixed-use investment opportunity featuring five income-producing units. The street-level unit is currently configured and occupied as a 2-bedroom, 1-bath unit, with potential commercial use subject to applicable zoning, approvals, and permitted use. The second and third floors each contain two 1-bedroom, 1-bath apartments with living room and kitchen, for a… Read More total of four residential units. All units are currently month-to-month with a history of timely rent payments. Current monthly gross income is $5,600, totaling $67,200 annually. Reported annual operating expenses are $14,626, resulting in NOI of $52,574 and an estimated 6.58% cap rate based on the current asking price. Convenient Newark location with access to public transportation and major roadways. Rent roll and financial information available for review. All income, expenses, permitted uses and financial information to be independently verified by buyer. Read Less
Courtesy of REAL.
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Square Ft.
1,800
Lot Size
0.04 Acres
MLS Number
4047292
30 Days Snapshot Of 07103
$365k
-5%
(avg) sold price
4
-42%
homes sold
195
+98%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
No
Building
Built in 9999, Renovated in 2019
Cooling
Central Air
Exterior Features
Brick/Block
Water Features
Public Water
Heating
Gas-Natural, Baseboard - Hotwater
Lot
Approximate Lot Size: 33.1X54, 0.04 acres
Property
1,800 sqft building, 5 units
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $7,826, Tax Rate: 3.999
Utilities
Electric, Gas-Natural, See Remarks
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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