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15 Stone Street , Newark City, NJ 07104-2523

$3,500,000

Detail

  • Property ID: 3908027
  • Price: $3,500,000
  • Year Built: 1989
  • Property Type: Commercial Sale/Lease
  • Property Status: Commercial

Description

Discover a prime investment opportunity in Newark with this meticulously maintained 16-unit apartment building. Featuring a compelling 5% Cap rate and full occupancy, this four-story multi-family brick building offers a diverse mix of units: 12-two bedroom, 3-three bedroom, and 1-one bedroom apartments. Each unit includes an eat-in kitchen, spacious living room, and bathroom, ensuring comfortable living spaces for tenants.Located in a sought-after neighborhood known for its convenience and accessibility, this property is poised to deliver steady rental income and potential for future appreciation. Recent maintenance and upgrades enhance the building’s long-term profitability.With ample room for appreciation, don’t miss out on investing in this thriving Newark community. Schedule a tour today to seize this lucrative opportunity and secure your place in Newark’s dynamic real estate market.

  • Address: 15 Stone Street
  • City: Newark City
  • State/county: ESSEX / NJ
  • Zip/Postal Code: 07104-2523
  • Country: United States

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Listing information last updated on 2024-09-16 4:00 PM.