9 BR Multi-Family New Jersey

    140 Bay St, Suite 1 Jersey City, NJ 07302
    Phone: 201-225-8655
    Fax: 201-604-6474
    Courtesy of KELLER WILLIAMS CITY LIFE REALTY ()
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    Location

    Newark City NJ 07103-1320

    Property

    Ownership: For Sale
    Type: Multi-Family
    Rooms: 15
    Bedrooms: 9 BR
    Bathrooms: 5
    Pets: Pets Unknown
    Area: 2350 sq ft

    Financials

    Price: $340,000
    Annual Taxes: $8,490

    Description

    Investment opportunities that offer cap rates of over 8% are rare. This 3 family property is fully rented with almost 1200 square feet per unit. Enter into a spacious living room with coffered ceiling, the kitchen is large enough for a dining room table that can seat 6. Renovated in 2012 with all new bathrooms, hardwood floors, spacious stairways and great paved backyard accessible to all tenants. Tenants pay heat, gas, and electric. Taxes $8,490; Ins. $2,200; Water & Sewer $2,400; Utilities $960. Total operating expenses $14,050 Gross rental income $41,400.


    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.