Residential Income in Newark City

$850,000

13 May St, 07104, Newark City

Residential Income for sale in Newark City, 13 May St, 07104

13 May St, 07104, Newark City

$850,000

10Bed
7Bath
Type: Residential Income

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.

Location

13 May St, 07104, Newark City

Data

Object TypeResidential Income
Purchase Price$850,000
Living Space0 m²
Plot Size485.62 m²
Bathrooms7
Construction Year1899
ConditionNot specified
Rooms17

Energy Information

Heating TypeHeat Source: Gas-Natural, Heating Type: 2 Units, Radiators - Steam
Primary Energy SourceN/A
Construction Year1899
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent