Residential Income For Sale
472 S 15th Street, Newark, Nj 07103
Property Description
Turnkey 3-Family Property in Newark This prime investment opportunity features two vacant units ready for new tenants and one unit requiring light cosmetic work. The property includes spacious three-bedroom, one-bath units on the first and second floors, along with a cozy one-bedroom, one-bath unit on the third floor. Recent updates include kitchen and bathroom renovations in 2019, as well as a new furnace. With a projected net operating income of $77,256 and a cap rate exceeding 10%, this property offers exceptional cash flow potential.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24026668
Price : $579,900
Status : Active Under Contract
Office Name : EXP Realty, LLC
Agent Name : Michael
Features
Utilities : O/See Rmks
Architectural Style : 3 Family
Laundry Features : None
Address Map
Country : US
State : NJ
County : ESSEX
City : Newark
Zipcode : 07103
Street : 15th
Street Number : 472
Street Suffix : Street
Longitude : W75° 46' 45.5''
Latitude : N40° 6' 18.9''
Street Dir Prefix : S
Street Dir Suffix : South
Additional Information
On Market Date : 2024-08-16
Financial
Tax Annual Amount : 8775
Listing Information
Co List Agent Mls Id : 497585
List Agent Mls Id : 1030442
List Office Mls Id : 2847
Mls Status : Under Contract
Modification Timestamp : 2025-02-15T17:08:21Z
Originating System Name : njmls
Status Change Timestamp : 2024-09-27
