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$579,900

Est. payment - /mo

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7 BD

3 BA

2,200 SqFt

Under Contract

472 S 15th St Newark City, NJ 07103

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Isaac De Castro

idecastro@bhsusa.com +1(646) 626-7901

UPDATED:

10/05/2024 01:39 PM

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

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

Listed by EXP REALTY, LLC

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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Isaac De Castro

472 S 15th St Newark City, NJ 07103

Isaac De Castro

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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472 S 15th St