816 S 14th St #0
Newark City, NJ 07108

Description

Fully occupied masonry-constructed low-rise walkup offering all 3-Bed unit mix. Separately-metered utilities shift responsibility for electric, cooking gas, heat, and hot water towards the tenants. Full interior renovation of all apartments plus roof replacement and upgraded heating system as capital improvements all competed in Year 2017. Investment property opportunity ideal for 1) Performance Investors seeking immediate cashflow for long-term hold; Going-In Cap Rate @ 8.91% and 2) Buy/Hold Principals w/ portfolio expansion requirements; Part of stabilized 11-Building multifamily portfolio; Refer to MLS 3463647, 3463933, 3463939, 3463944, 3463950, 3463952, 3463957, 3463960, 3463920 & 3463930.

Details

MLS#3463959
StyleIndustrial
Sub-TypeResale
StatusActive
Year1940
Days On Site88

Features

SQ Feet999
Story(s)3
Units6
ZoningR-2

Additional Information

Annual Tax Amount10324
Assesed Tax Valuation290000
Tax ID3.560
Tax Rate2017

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Area Information

StateNJ
CountyEssex
CityNewark City
Zip Code07108
AreaEssex
Listing VS Median (in 07108)
Price:
$669,000
low | high
Med:
$250,000
100% of Average
SqFt:
999
low | high
Med:
0
100% of Average
$ / SqFt:
$670
low | high
Med:
$0
100% of Average
On Site:
88
low | high
Med:
13
100% of Average
Listing Updated: 07/19/2018
MLS Number: 3463959
Listing Provided By:
WASHINGTON PAUL E.  of  COLDWELL BANKER REALTORS