472 S 15th ST Under Contract Save Request In-Person Tour Request Virtual Tour
Newark,NJ 07103
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 24026668
Style 3 Family
Bedrooms 7
Full Baths 3
Annual Tax Amount $8,775
Property Description
Turnkey 3-Family Property in Newark This 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
Area Newark
Interior
Heating Hot Air,Other Fuel Source/See Rmks
Fireplaces Type None
Laundry None
Exterior
Exterior Feature Aluminum
Garage O/See Remk
Utilities Available O/See Rmks
Waterfront Description None
View None
Building
Lot Description Regular