Property Description
You’ve been searching for a rental property with positive cash flow. Well, here it is! This multi-family has 4 apartment units with a bonus 2 bedroom in the basement. Current rental income is currently $5720/month with a cap rate of 7%. The building is fully tenant occupied. All tenants pay on time and are up-to-date. The current rent rate is below market rate, apartments can command higher rent. Located in the Ironbound section of Newark. Close to schools, parks, shopping and major highways. Sold “AS-IS” Act fast! Won’t last.
Features
: 4+ Units
: 4+ Units
: Full, Finished
: Asphalt Shingle, Flat
: On-street Parking
: Vinyl Siding
: On-street Parking
0
: All Underground
: Public Water
: See Remarks
Address Map
Fleming Ave
53
0
W75° 51' 15.8''
N40° 43' 52.8''
Ironbound Section between Ferry Street to Lexington. Right on to Fleming Ave
MLS Addon
SKY REALTY INTERNATIONAL
296072
1970-01-01
5418
$0
$0
Multi-Family For Sale
53 Fleming Ave, Newark City, 07105-3603
10 Bedrooms
4 Bathrooms
0.06 Acre
$699,999
Listing ID #33936
Basic Details
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 33936
Ref ID : 3746452
Price : $699,999
Bedrooms : 10
Bathrooms : 4
Year Built : 1912
Lot Area : 0.06 Acre
Country : US
County : Essex
City : Newark City
Zipcode : 07105-3603
Days On Market : 33
Status : Active
Lot Size : 25.2X100
Taxes : $12,760
Tax Year : 2020
Active Days on Market : 462
Agent info
Century 21 Gemini LLC
- Dean Bobo
- 973-769-5235
- 973-696-0805
-
deanbobo@gmail.com
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