219 Summer Ave
newark, NJ 07104-5604$2,650,000
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FOR SALE | 9-UNIT MULTIFAMILY | NEWARK, NJ | 6.5% CAPINVESTOR HIGHLIGHTS:? Stabilized 9-Unit Asset in Newark?s growing North Ward? Built in 2014 ? modern layouts, minimal deferred maintenance? Strong tenant mix and consistent occupancy? 10 private parking spots ? a rare amenity in this submarket? In-place income with room for upside through rent optimization? Trading at a true 6.5% cap rate ? positioned for cash flow from Day 1? Individually metered utilities and low-maintenance structure
Details
7,405.2 Sq Ft Exterior Space
Commercial
$29,534 Annual Tax
Built in 2014
MLS/Listing ID 3965272
3 Stories
9 Units
Amenities & Features
Cooling - Central Air
Listing Courtesy of KELLER WILLIAMS PROSPERITY REALTY, ERIC JON MELNIKOFF
Source of Data: GARDEN STATE MLS