15-19 Stone Street st @ 7th Avenue - Apartments FOR SALE


Newark, NJ 07104- Seventh Avenue
$3,500,000 USD
973-921-1111
15-19 Stone Street st @ 7th Avenue, Newark, NJ for Sale
$3,500,000 USD
Apartments - FOR SALE
1/18
null | 5.2% Cap Rate

15-19 Stone Street st @ 7th Avenue
Newark, NJ 07104
Seventh Avenue


OVERVIEW

Discover a prime investment opportunity in Newark with this meticulously maintained 16-unit apartment building. Each apartment is equipped with Tile Flooring and in-unit forced air cooling and heating system. Boasting full occupancy and recent upgrades such as new boilers, a certified elevator, and a modern sprinkler system. Featuring a compelling 5% Cap rate and full occupancy, this four-story multi-family brick building offers a diverse mix of units: twelve- two-bedroom, three- three-bedroom, and one-bedroom apartments. Each unit includes an eat-in kitchen, spacious living room, and bathroom, ensuring comfortable living spaces for tenants.Located in a sought-after neighborhood known for its convenience and accessibility, this property is poised to deliver steady rental income and potential for future appreciation. Recent maintenance and upgrades enhance the building's long-term profitability.With ample room for appreciation, don't miss out on investing in this thriving Newark community. Schedule a tour today to seize this lucrative opportunity and secure your place in Newark's dynamic real estate market.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

16

PRICE/UNIT

$218,750

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,184 SF

ZONING

-

APN/PARCEL ID

14-00478-0000-00030

ASK ABOUT THIS PROPERTY

Daniel SantosSignature Realty NJ LLC - WestfieldMore Info
973-921-1111

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Daniel SantosSignature Realty NJ LLC - WestfieldMore Info
973-921-1111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.