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

Area: Newark
Bank Owned Y/N: no
Building Style: Multi-Level
County: Essex
Exterior Finish: Aluminum/Vinyl
Heating/Cooling: Hot Air, Electric, Gas
Inclusions: Range and Microwave
Property Subtype: 3 Family
Property Type: Multifamily
Short Sale (Y/N): No


Agency: yes
Status Category: Active

Financial Details

Associated Document Count: 1
DOM: 30
HotSheet Date: 2017-03-27
Sale/Rent: For Sale
Search Price: 345000
Taxes: 8710
Water Sewer Expense: 1692

Interior Features

Basement: Unfinished

Location Information

Between: 11th & 12th Ave

External Features

Parking Available: None

Zoning Info

© 2017 Hudson County Multiple Listing Service (HCMLS). The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than Hudson Place Realty are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.

Listing courtesy of KELLER WILLIAMS CITY LIFE REALTY (201)-659-8600.
Data services provided by IDX Broker