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Rock Realtors NJ
13-15 May St, Newark, NJ 07104
- $850,000
- 10
- BD
- 7
- BA
- List Price
- $850,000
- Status
- ACTIVE
- MLS#
- 26020027
- Bedrooms
- 10
- Bathrooms
- 7
- County
- Essex
- City
- Newark
Property Description
Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.
Additional Information
- Taxes
- $10,901
Mortgage Calculator
Listing courtesy of Listing Agent: Peter Boutros () from Listing Office: EXP Realty, LLC.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rock Realtors NJ are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: .
Source: New Jersey Multiple Listing Service, Inc.
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