Property Details

Listing ID: 170004817
Price: $345,000
Address: 185 SOUTH 9TH ST
City: Newark
State: New Jersey
Postal Code: 07107
Bedrooms: 9
Total Baths: 5
Full Baths: 5
County: Essex
Great investment opportunity offering an excellent cap rate of 9.44%. This 3 family property is fully rented with approximately more than 1,000 sq. ft per unit. Gut renovated down to the studs in 2012 which included all new bathrooms, eat-in-kitchens, and beautiful hardwood floors throughout. Storage options available in the basement. Tenants pay utilities, gas, electric. Taxes $8,710.08; Insurance $2047; Operating expenses $1,691.92. Total operating expenses $12,449; scheduled gross income $45,000; Net Operating income $32,551. Near schools, playground, and public transportation. Very close to downtown Newark and Highway's.

Primary Features

County: Essex
Property Sub Type: 3 Family
Property Type: Multifamily


Agency: yes
Dual Var Rate: no
Inclusions: Range and Microwave Y/N: yes
Status Category: Active

Location Information

Area: Newark
Between: 11th & 12th Ave

Financial Details

Associated Document Count: 1
Bank Owned Y/N: no
DOM: 71
Sale/Rent: For Sale
Search Price: 345000
Short Sale (Y/N): No
Taxes: 8710
Water Sewer Expense: 1692

Interior Features

Basement: Unfinished
Heating/Cooling: Hot Air, Electric, Gas

External Features

Building Style: Multi-Level
Exterior Finish: Aluminum/Vinyl
Parking Available: None

Zoning Info

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