Lisa Cotton - Coldwell Banker Hearthside
316 S 7th St
Newark City, NJ 07103

Description

Fantastic opportunity to own a solid investment property with a cap rate of 10% . The layout accommodates 3 bedrooms and 2 baths on each apartment which makes it very desirable. On top of that ,this area is in high demand because of its proximity to all means of transportation and affordability.Yet the numbers make perfect sense. It was recently renovated and it is fully rented and has a bonus attic with separated entrance.Utilities are all separate and attic has electric heat connected to common areas. Basement is partially finished with a separated entrance and family room with a bath . This will definitely not be here for long.

Details

MLS#3512168
Sub-TypeResale
StatusActive
Year1907
Days On Site22

Features

Units2
Building(s)1

Additional Information

Annual Tax Amount4190
Assesed Tax Valuation117700
Tax ID3.560
Tax Rate2017
Tax Rate Year2017

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Area Information

StateNJ
CountyEssex
CityNewark City
Zip Code07103
AreaEssex
Listing VS Median (in 07103)
Price:
$249,900
low | high
Med:
$249,450
50.180072028812% of Average
On Site:
22
low | high
Med:
93
23.655913978495% of Average
Listing Updated: 11/19/2018
MLS Number: 3512168
Listing Provided By:
LOPEZ YOE  of  BETTER HOMES AND GARDENS RAND