Joan Kamens - Coldwell Banker Hearthside
342 Irvine Turner Blvd #0
Newark City, NJ 07108

Description

BACK ON THE MARKET! Low-rise walk-up offering 1-Bed/2-Bed unit mix. Residents bear responsibility for own separately metered utilities; electric, cooking gas, heat and hot water. Interior unit renovation and upgraded forced hot air heating system as primary capital improvement all completed in Year 2016. Gated on-site parking serves as property amenity. Investment property opportunity ideal for 1) Performance Investors seeking immediate cashflow for long-term hold; Going-In Cap Rate @ 7.6% w/ Cash-on-Cash @ 9.0% and 2) Buy/Hold Principals w/ portfolio expansion requirements.

Details

MLS#3463960
StyleIndustrial
Sub-TypeResale
StatusActive
Year1952
Days On Site212

Features

SQ Feet9,999
Story(s)3
Units6
ZoningR-3

Additional Information

Annual Tax Amount9248
Assesed Tax Valuation259800
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:
$259,000
100% of Average
SqFt:
9,999
low | high
Med:
0
100% of Average
$ / SqFt:
$67
low | high
Med:
$0
100% of Average
On Site:
212
low | high
Med:
118
100% of Average
Listing Updated: 11/20/2018
MLS Number: 3463960
Listing Provided By:
WASHINGTON PAUL E.  of  COLDWELL BANKER REALTORS