NJ > Newark City
Newark City, NJ 07104,15-19 Stone Street
Newark City, NJ 07104,15-19 Stone Street
Newark City, NJ 07104,15-19 Stone Street
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$3,500,000
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5,227 Sqft Lot
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15-19 Stone Street Newark City, NJ 07104

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Isaac De Castro

Isaac De Castro

+1(646) 626-7901

UPDATED:

06/19/2024 11:08 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3908027

Year Built 1989

Annual Tax Amount $23,560

Tax Year 2023

Lot Size 5,227 Sqft

Property 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.

Location

State NJ

County Essex

Interior

Heating Electric, Gas-Natural

Cooling Central Air

Flooring Tile

Equipment Appliances, Fire Alarm, Intercom, Passenger Elevator(s), Smoke Detector, Sprinkler System, Storage Area(s)

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block, Concrete

Utilities Available Electric, Gas-Natural

Roof Type Flat

Parking Type None

Building

Story 4

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by SIGNATURE REALTY NJ

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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