$999,999
Est. payment /mo
999 SqFt
New
372 6Th Ave Newark City, NJ 07107
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 999 sqft
Price per Sqft $1,001
MLS Listing ID 3970956
Year Built 1900
Annual Tax Amount $16,162
Tax Year 2024
Lot Size 4,791 Sqft
Property Description
This prime six-unit opportunity has a 6.5% Cap Rate located in a high growth development zone. A true turn-key investment with lots of room for upsize with 50% of the units being leased below market values. Don't miss the chance to invest in a strategic asset within one of the city's most promising growth markets and has a strong rental history. Each unit features spacious layouts, modern amenities and strong tenant demand; ideal for both seasoned and new investors looking to grow their real estate portfolio.
Location
State NJ
County Essex
Zoning Com
Rooms
Basement Full
Interior
Heating Electric, Gas-Natural
Cooling Window A/C(s)
Equipment Appliances, Exhaust System, Fire Alarm, See Remarks
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available All Underground, Electric, Gas In Street
Roof Type Asphalt Shingle, Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by COMPASS NEW JERSEY, LLC