13-15 May St
Property 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.
Broker Details
eXp Realty, LLC (866) 201-6210
MLS ID: 300361 State License Number: 1756043
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $850,000 |
| No. of Units: | 2 |
| Year Built: | 1899 |
| Opportunity Zone: | No |
| Price per unit: | $425,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 7 |
ID: 3yd-GSMLSNJ-4033681
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