472 S 15th St Under Contract

Newark City,NJ 07103

$ 579900

7 Beds

3 Baths

2200 SqFt


Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $263

MLS Listing ID 3919293

Style 3-Three Story

Bedrooms 7

Full Baths 3

Year Built 1907

Annual Tax Amount $8,775

Tax Year 2023

Lot Size 2,613 Sqft

Property Description

Turnkey 3-Family Property in NewarkThis 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

Rooms

Basement Full

Interior

Heating Gas-Natural

Cooling See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum Siding

Roof Type Asphalt Shingle, Flat

Parking Type On-Street Parking

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

View More
Favorite Go Tour