Properties

Description

This prime six-unit opportunity has a 6.5% Cap Rate located in a high growth development zone. A true turn-key investment with lots of room for upsize with 50% of the units being leased below market values. Don't miss the chance to invest in a strategic asset within one of the city's most promising growth markets and has a strong rental history. Each unit features spacious layouts, modern amenities and strong tenant demand; ideal for both seasoned and new investors looking to grow their real estate portfolio.

Features

  • Heating System : 4+ Units
  • Cooling System : Window A/c(s)
  • Basement : Full
  • Roof Deck : Asphalt Shingle, Flat
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 425000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: All Underground, Electric, Gas In Street
  • Internet

Additional Info

  • Office Name: COMPASS NEW JERSEY, LLC
  • Office MLS ID: 5502
  • Agent ID: 293215
  • Tax: 16162
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: Com

Commercial For Sale

For Sale
$999,999

372 6Th Ave, Newark City, *

  • SQFT 50 Acre
  • Built Year 1900

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5366516
  • Price: $999,999
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1900
  • Year Built Description: Approximate, Renovated
  • Lot Area: 50 Acre
  • Status: Active
  • Days On Market: 6

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: 6Th Ave
  • Street Number: 372
  • Street Direction: na
  • Floor Number: 0
  • Longitude: W75° 48' 18.4''
  • Latitude: N40° 45' 31.5''
  • Internet Display Address: Yes
Property