Properties

Description

Discover a prime investment opportunity in Newark with this meticulously maintained 16-unit apartment building. Featuring a compelling 5% Cap rate and full occupancy, this four-story multi-family brick building offers a diverse mix of units: 12-two bedroom, 3-three bedroom, and 1-one bedroom apartments. Each unit includes an eat-in kitchen, spacious living room, and bathroom, ensuring comfortable living spaces for tenants.Located in a sought-after neighborhood known for its convenience and accessibility, this property is poised to deliver steady rental income and potential for future appreciation. Recent maintenance and upgrades enhance the building's long-term profitability.With ample room for appreciation, don't miss out on investing in this thriving Newark community. Schedule a tour today to seize this lucrative opportunity and secure your place in Newark's dynamic real estate market.

Features

  • Heating System : Forced Hot Air
  • Cooling System : Central Air
  • Roof Deck : Flat
  • Furnished : Tile
  • Tax Assessed Valuation: 632000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: SIGNATURE REALTY NJ
  • Office MLS ID: 4134
  • Agent ID: 399509
  • Tax: 23560
  • Tax Year: 2023
  • Application Fee: $0
  • Zoning: -

Commercial For Sale

For Sale
$3,500,000

15 Stone Street, Newark City, *

  • SQFT 52.10 Acre
  • Built Year 1989

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5294719
  • Price: $3,500,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1989
  • Year Built Description: Approximate
  • Lot Area: 52.10 Acre
  • Status: Active
  • Days On Market: 4

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Stone Street
  • Street Number: 15
  • Street Direction: Between 7th avenue and Crane Street
  • Floor Number: 0
  • Longitude: W75° 49' 32.2''
  • Latitude: N40° 45' 6.6''
  • Internet Display Address: Yes
Property