NJ
Essex
Newark City
07104
13-15 May St
13-15 May St, Newark City, NJ 07104
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Listing Type
Multi Family
Listing Status
Active
29
$850,000

Home Details for 13-15 May St

Price
$850,000
Type
Residential Income
Bedrooms
10
Total Bathrooms
7
Full Bathrooms
7
Square feet
3420
Year built
1899
Lot size acres
0.12
County
Essex
Total rooms
17
Garage
4
Basement
Partially Finished
MLS Listing#
4033681
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.

Property Features
  • Parking
    • Off Street
    • On Street
    • Detached
  • Cooling Information
    • Window Unit(s)
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • Underground Utilities
  • Basement
    • Partially Finished
Listing Courtesy: EXP REALTY, LLC - 866-201-6210
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EXIT REALTY LUCKY ASSOCIATES
290 Ferry St., Newark, NJ 07105
Office
973 817 7700
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