Bought with Outside Agent Outside Office
$530,000
$579,900
8.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Baths
SOLD DATE : 04/26/2025
Key Details
Sold Price $530,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24026668
Sold Date 04/26/25
Style 3 Family
Full Baths 3
Property Sub-Type 3 Family
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
Interior
Laundry None
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