472 S 15th St Under Contract Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07103
Key Details
Property Type Multi-Family
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
Interior
Heating Gas-Natural
Cooling See Remarks
Exterior
Exterior Feature Aluminum Siding
Roof Type Asphalt Shingle, Flat
Building
Sewer Public Sewer
Water Public Water