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Listed by Michael Dente • EXP Realty, LLC • (866) 201-6210

$579,900

Est. payment - /mo

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7 BD

3 BA

Contingent

472 South 15th Street Newark, NJ 07103

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Isaac De Castro

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

UPDATED:

10/08/2024 08:08 PM

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Contingent

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

Architectural Style Other

Others

Ownership Private

Miscellaneous None

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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 South 15th Street Newark, NJ 07103

Isaac De Castro

Key Details

Location

Interior

Exterior

Building

Others

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472 South 15th Street