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Cindy Huang

cindyhuangrealtor@gmail.com +1(201) 647-6663

$ 775,000

Est. payment | -/mo

1,800 SqFt

Save

$ 775,000

Est. payment | -/mo

Save

1,800 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $430

MLS Listing ID 4047292

Annual Tax Amount $7,826

Tax Year 2025

Lot Size 1,742 Sqft

Property Sub-Type Mixed Use

Property Description

Mixed-use investment opportunity featuring five income-producing units. The street-level unit is currently configured and occupied as a 2-bedroom, 1-bath unit, with potential commercial use subject to applicable zoning, approvals, and permitted use. The second and third floors each contain two 1-bedroom, 1-bath apartments with living room and kitchen, for a total of four residential units. All units are currently month-to-month with a history of timely rent payments. Current monthly gross income is $5,600, totaling $67,200 annually. Reported annual operating expenses are $14,626, resulting in NOI of $52,574 and an estimated 6.58% cap rate based on the current asking price. Convenient Newark location with access to public transportation and major roadways. Rent roll and financial information available for review. All income, expenses, permitted uses and financial information to be independently verified by buyer.

Location

State NJ

County Essex

Zoning C2

Interior

Heating Gas-Natural

Cooling Central Air

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Electric, Gas-Natural, See Remarks

Roof Type Asphalt Shingle

Garage No

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by REAL

Nearby Locations

"My job is to protect your interests and guide you through every step of buying, selling, or investing in New Jersey real estate."

+1(201) 647-6663

cindyhuangrealtor@gmail.com

165 Passaic Ave, Suite 205, Fairfield, New Jersey 07004, USA

485 18Th Ave Newark City, NJ 07103

Cindy Huang

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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485 18Th Ave